CosmicTaco

Gold Prices Surge Amid Economic Uncertainty and Geopolitical Tensions

CosmicTaco · 2025-02-08T12:31:41.585733+05:30

- Gold prices have surged over ₹8,350 in six weeks, reaching a new peak of ₹85,279 per 10 gm, driven by economic uncertainty and geopolitical tensions. - Factors include US Fed rate cut buzz, Trump's protectionist policies, and recent rate cuts by major central banks. - Investors are advised to monitor key support levels closely as potential corrections could occur despite the overall positive bias. Source: [Mint](https://www.livemint.com/market/latest-markets-today-live-updates-february-8-2025-11738979511723.html), [Mint](https://www.livemint.com/market/commodities/gold-price-jumps-over-rs-8350-in-six-weeks-opportunity-to-buy-as-us-unemployment-rate-hit-its-lowest-since-may-2024-11738977917449.html)

Gold prices have surged over ₹8,350 in six weeks, reaching a new peak of ₹85,279 per 10 gm, driven by economic uncertainty and geopolitical tensions.
Factors include US Fed rate cut buzz, Trump's protectionist policies, and recent rate cuts by major central banks.
Investors are advised to monitor key support levels closely as potential corrections could occur despite the overall positive bias.

Source: Mint, Mint

5mo ago

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