Up nearly 10% in 2023, Fed policy pivot may provide fresh impetus to gold

Elevated interest rates in United States for a prolonged period will, on the other hand, cap the upside

Gold is up 9.7 per cent year-to-date (YTD). An investor who bought gold on Akshaya Tritiya last year would have seen the value of his investment shoot up by 14.6 per cent. The question investors need to ask themselves is whether they should make a substantial investment in the yellow metal this Akshaya Tritiya, or go for a token purchase only after such a strong run up.

Positive drivers: Banking crisis, slowdown  

Despite the strong run up over the past year, gold may continue to perform in the current environment of uncertainty. The recent crisis among regional banks in the