Gold on a swing. Time to invest?
After a steady fall since June 16 following the U.S. Fed meet, gold prices have begun another trek. This time, thanks to the Basel-lll rules that reclassified gold to a tier 1 zero-risk weight.
After a steady fall since June 16 following the U.S. Fed meet, gold prices have begun another trek. This time, thanks to the Basel-lll rules that reclassified gold to a tier 1 zero-risk weight.
After a fall in prices in 2021 so far, gold is becoming attractive again. Analysts believe the rupee depreciation and potential inflation may spur it to a new high in the latter half of 2021.
While the yellow metal’s safe haven appeal has been on the rise, prices could retreat once fears around Coronavirus start fading.