 "Tipping point: Gold prices are on the rise; should you invest?")
Gold crossed the psychologically crucial barrier of $1,400 per ounce mark in the international markets recently.
One factor responsible for the upsurge in its price is the escalation in geopolitical tensions due to Iran shooting down an American drone. The other factor is trade tensions between the US and its trading partners, especially China, that shows no sign of getting amicably resolved. Moreover, if the US Federal Reserve cuts rates or offers any kind of stimulus, that will work in favour of the yellow metal.
One factor responsible for the upsurge in its price is the escalation in geopolitical tensions due to Iran shooting down an American drone. The other factor is trade tensions between the US and its trading partners, especially China, that shows no sign of getting amicably resolved. Moreover, if the US Federal Reserve cuts rates or offers any kind of stimulus, that will work in favour of the yellow metal.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%