Gold prices likely to remain firm amid weak growth, soft rates

In India, a sharp fall in the equity market amid a slowing economy, subdued corporate earnings and an overall risk-averse sentiment have seen investors flock to the yellow metal

The ongoing trade war between the United States (US) and China, possibility of rate cuts by the US Federal Reserve (US Fed), long-standing nuclear issues with Iran, uncertainty regarding Brexit amid slowing global growth has pushed gold prices nearly 17 per cent higher in the international market on a year-to-date (YTD) basis to $1,503 per ounce.

Despite the run, analysts see more headroom, as risk aversion is on the rise in financial markets following the latest developments regarding US-China trade talks, luring safe-haven seekers back into gold.

"We believe yet another escalation of the trade tensions is likely, which should