GLITTERING GOLD

GOLD PRICES HIT OVER 2-MONTH LOW. SHOULD YOU BUY?

Published By Livemint | 30 May, 2023

Gold

Gold prices slid to their lowest level in over two months on Tuesday
Credit : Pexels

Factors for decline in gold price

Pullback in international prices, lower estimates of Fed rate pause, etc

US debt ceiling 

There are expectations that the US debt ceiling deal will be passed by the Congress soon

Spot gold

Spot gold dipped by 0.3% to $1937.99 per ounce, lowest since March 17

Lack of interest in gold

High volatility events like US banking crisis are resolving. Experts believe this has reduced investors' interest in gold
Credit : Unsplash

Should you buy gold?

Some experts are advising investors to wait, and some are giving green signal for buying

Hareesh V of Geojit Financial

Hareesh advises investors to wait further for fresh investment

Jateen Trivedi of LKP Securities 

He suggests that investors can happily start accumulating gold at current price

Disclaimer

Recommendations are made by experts, investors are advised to consult before investment