Gold was going gaga over the ongoing uncertainties globally. There were a host of reasons combined that led to this spike. Gold, the safest haven amid the ongoing uncertainty, also emerged as one of the most lucrative investment options in the financial year 2022-23 with an impressive return of 16.1 per cent in rupee terms,
Gold has gained almost $100 in the last two trading days. “As we all know, the SVB collapse has been the sole reason behind these dramatic movements,” said the Prithviraj Kothari, Managing Director, RiddhiSiddhi Bullions Limited. “And when this was not enough another bank shut down within a space of 72 hours- The Signature Bank.
Volatility in the markets across all asset classes remained low as the 21st Feb was US President’s Day Holiday. “Last week was an ultimate week of volatility where the US Dollar and US Bond yields surged abnormally over fresh hawkish US-based Data, which further implied till June 2023. This data soared the mood of the
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