Gold prices may correct by 5-7% before the next leg up: Report
The Business Guardian|October 06, 2024
The gold prices could see some consolidation near the recent highs, Motilal Oswal said in a report as its prices hit a fresh all-time high of Rs 78,450 (per 10 gram).
Gold prices may correct by 5-7% before the next leg up: Report

The wealth management firm says that the gold will see a correction ranging from 5 to 7 per cent as historically, it has never added gains of 32 per cent in any year since 2000.

"We expect gold to correct by 5-7 per cent, before the next leg up," the report added.

As per the report, the US presidential election next month could add further spice to the market. The domestic exchange-traded fund (ETF), imports along with SPDR Holdings and CFTC positions are supporting the case for Bulls.

هذه القصة مأخوذة من طبعة October 06, 2024 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 06, 2024 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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