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Growing number of people buying gold

Gold is trading near a seven-year high, supported by an increasing number of coronavirus cases worldwide that threaten to curtail global economic activity. Gold has been rallying not only due to the virus but also due to the overall global economic growth. Corona Virus- gold has been rising amid continuing

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Coronavirus fears continue to impact gold prices

Gold prices have rallied about 7% year to date. Gold was seen trading near $1,670 an ounce, on Monday 24th February; its highest level since early 2013, boosted in part by a flight to safety stemming from the spreading coronavirus. Gold soared as much as 2.8% on Monday to its

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Virus gives Rush to gold prices

Past six to eight months have been quit pleasing for fold. There are plenty of good reasons to be optimistic about gold’s prospects. The global economy and the financial system are already stretched to a breaking point and Demand for precious metals is heating up. This, of course, is plain

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Gold demand may rise soon

Gold has experienced resurgence as a reserve asset – central banks have become net buyers over the past 10 years, and their holdings have reached levels not seen since the 20th century. This has several origins, among them growing geopolitical tension between regional blocs; the swelling share of negative-yielding fixed

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Pre-Budget views 2020

There has been a steep decline in jewellery sales over 12 months, and jewellers are facing adverse impacts of the slowdown because of the increase in gold prices, and a slowing of the overall economy.  Moreover gold prices have sky rocketed over the past few months which has further dampened

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Gold welcome 2020 with a bang

Since May, 2019 gold prices have been ticking high and it seems there is just no looking back. Last year gold prices were driven by recessionary indicators, economic volatility and geopolitical tensions. Gold demonstrated impressive performance gaining over 17 percent in 2019 and continued to rally  on 31 December. Major Eurasian nations,

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Gold Outlook 2020

Year 2019 is about to end on a positive note for the yellow metal. Its shine and lustre was maintained as it almost finished the year 13 percent higher. This rally was majorly influenced by central banks, a deterioration and slow growing global economy and escalating geopolitical tensions. Furthermore, concerns

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Gold 2019- A quick look back

It’s time to look back. 2019 was a great year for gold. Just when the global markets had started writing off gold in 2018, it once again proved its safe haven appeal in the current year. he third quarter of 2019 was eventful for the gold sector, with two interest

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Fresh Breakout levels for gold

Precious metal prices have had a very strong year. Gold rose substantially above our year-end forecasts of USD 1,400 an ounce. Gold prices were supported by a general shift in monetary policy of major central banks from tightening to a new round of easing, a decline in government bond yields, an

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Gold remains re-committed

Gold has risen more than 13% this year mainly due to the trade dispute driving demand for safe assets The policy U-turn by central banks suggests they do not have full command over the global economic situation. This, alongside an unpredictable White House, the rise of populism, de-globalisation, de- dollarization

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