Gold is often seen as a bet characterised with safety in times of elevated geopolitical or financial risks. Besides, gold also provides a good hedge against inflation. Financial experts advise a small allocation towards gold as a hedge towards volatility and uncertainty. Global gold prices, which mostly determine domestic rates, have benefited in recent weeks from concerns over the US-China trade dispute, sanctions on Russia and unrest in the Middle East, but have been kept in check by the prospect of further interest rate hikes from the Federal Reserve, the US central bank. In such a scenario, what are the key things to watch to understand the movement in gold rates?
Here are some of the key things about gold prices as pointed out by CARE Ratings:
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