InvestorQ : will gold come down or it will go up
chirag sharma made post

will gold come down or it will go up

Answer
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6 months ago


Gold mostly goes up in turbulent time as the kind of markets we see today. Hence you may not get any major correction in gold prices for the time being. With the global growth issues, a lot of savvy investors are now prefer the safety and stability of gold to other asset classes. Gold prices are normally driven by demand from central banks and ETFs and not so much by jewellery demand. The institutional demand for gold appears to be quite strong. Above all, don’t look at gold as an alternative to equity and debt. It is more of a defensive asset that helps you to diversify risk.