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If Trump's remarks cause currency turmoil, gold can shoot up: Nigam Arora

Gold was oversold after Trump's election, says the financial market expert

Nigam Arora
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Nigam Arora

Rajesh Bhayani Mumbai
US-based Nigam Arora is a financial markets expert, forecasting trends by using algorithms. The Arora Report he authors is widely followed. A talk with Rajesh Bhayani on the outlook for gold prices and allied subjects. Edited excerpts:

Gold prices have risen from November's lows. Why and what is your outlook in the near and medium term?

There were three reasons behind gold's up-move. First, whiffs of inflation in the wind. At The Arora Report, we monitor economic data from 23 countries. This is showing early signs of potentially higher inflation down the road. Gold benefits from inflation. This is a long-term support