Christopher Wood, global head of equity strategy at Jefferies expects gold prices to hit $6,600/oz going ahead, up 57 per cent from the current levels.
A portfolio that includes gold has delivered better risk adjusted returns than one with only equities over the long run
Gold may correct lower on a firmer Dollar as Fed largely remains cautious on rate cuts going forward. However, downside is expected to be limited
Gold outlook: Spot gold continues to find robust support from a confluence of macroeconomic factors, chief among them being the rapidly deteriorating fiscal landscape in major economies.
Gold outlook: Spot gold is likely to range trade ahead of the US ISM services and nonfarm payroll reports
Gold is well supported in a risk-off scenario due to geopolitical and economic issues
The metal may test $3372-$3400 resistance zone. Upside is likely to be capped at $3400 in the short-term
In early 1980, investors, according to Capitalmind, were inspired by the stellar returns of the 1970s. If they invested in gold back then, they would have faced two decades of negative returns.
Analysts at brokerage firm Motilal Oswal Financial Services maintain a positive long-term outlook on gold, recommending investors to "buy on dips" with a target price of ₹1,06,000
The risk-sensitive Australian and New Zealand dollars, as well as the Swedish and Norwegian crowns, all tumbled against the dollar
Gold dropped over 3% on Friday, after US President Donald Trump's bigger-than-expected tariff measures rippled across global markets, wiping out nearly $6 trillion in value from US stocks last week
On April 3, spot gold, buoyed by renewed safe haven demand due to unexpectedly high reciprocal tariff rates that pose a risk to the global trade and economy, soared to a fresh record high of $3,167.84
Gold rallied 19 per cent in the first quarter as it was up around 2 per cent last week-its fourth straight weekly gain.
As per disclosure made by Senco Gold to stock exchange, reveals that the promoters have bought 241,400 equity shares representing 0.15 per cent holding in the company via open market.
Gold rate today: Buy Gold on dips. Gold support is at $2900 (MCX April gold contract Rs 85,600)/ $2868 (Rs 84,700)
Weaker dollar, geopolitical concerns over Ukraine peace process, economic and political concerns due to Trump's tariff plans and softer yields are positive for the metal
Disappointing data out of the US viz retail sales, nonfarm payroll (considering the downward revision done by BLS) and NAHB housing Index are positive for the yellow metal
Gold is expected to trade with a positive bias as buyers have $3,000 (MCX April gold Rs 88,000) level in focus
In the previous session, Sensex dropped 312.53 points, or 0.40 per cent, to close at 78,271.28, while Nifty50 ended lower by 42.95 points, or 0.18 per cent, at 23,696.30
Gold rally is being driven more by subdued yields and US Dollar Index rather than safe haven demand