 "Gold to remain bullish on safe haven buying")
Gold is likely to remain bullish in the short to medium term, following safe haven buying from investors who pulled back from global equity markets to park their funds for assured returns in the yellow metal.
Bullion normally sparks at times of geopolitical tension and is considered a safe bet against inflation. It rose sharply over the past week due to weakness in the dollar, following investors’ renewed buying interest after tension erupted between North Korea and the United States.
Standard gold at the popular Zaveri Bazaar here jumped by 0.5 per cent or Rs 140 to close
Bullion normally sparks at times of geopolitical tension and is considered a safe bet against inflation. It rose sharply over the past week due to weakness in the dollar, following investors’ renewed buying interest after tension erupted between North Korea and the United States.
Standard gold at the popular Zaveri Bazaar here jumped by 0.5 per cent or Rs 140 to close
