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
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