Despite the growing of Iran-Israel’s fight, gold has not shown as fast as it was expected. Gold prices remain close to $ 3,400. This is less than a record high price of $ 3,500. The price of gold reached this level in April. There has been pressure on prices since then. On the other hand, City Research has predicted gold prices to fall from $ 3,000. The question is whether the speed of gold is over?
Due to these reasons, correction can come in gold
According to the report of City Research, Gold The rise in the last several months has now ended. Analysts have said, “We have come to know from research that Gold will fall to $ 2,500-2,600 an ounce by the second half of next year.” According to the city, there are many reasons for the glow of gold to fade. Demand in gold is weak for investment. Global economy looks good for growth. On the other hand, the Federal Reserve in the US may reduce interest rates. This will lead to a decline in gold prices.
Central banks will continue to invest in gold
On the other hand, according to Bloomberg report, central banks from many countries of the world are going to increase investment in gold in the next 12 months. Bloomberg has explained this based on a survey. 72 experts participated in this survey. Of these, 43 percent said that the reserve of gold is going to increase. Central banks of many countries have been increasing their investment in gold for a long time. In the last 1-2 years, the rise in prices in gold has a big hand to invest in gold of central banks.
Pressure on gold prices on 18 June
On June 18, there was pressure on gold prices. Gold futures in India were seen in a red mark. At 9:30 pm, it fell by Rs 141, or 0.14 per cent to $ 99,425 per 10 grams. On the other hand, gold in the international market was $ 3,375 an ounce. Experts say that investors are eyeing Iran-Israel War. Apart from this, on June 18, according to Indian time, the US central bank Federal Reserve will announce its monetary policy. Investors are also eyeing this.
Also read: Gold Rate Today In India: Gold faded for the third consecutive day, but the silver shine, check the price in your city
What should you do?
Financial advisors say that retail investors should focus on inclusion in their portfolio instead of ups and downs in gold. Gold’s share in investment portfolio should be 10–15 percent. If the gold stake in your investment portfolio is less then you can increase it. Every decline can be invested in gold in gold. Gold ETFs and Gold Mutual Fund schemes can also be invested. A fixed amount can be invested every month through SIP.