Gold futures slip for 7th day, drop to ₹1.5 lakh/10g amid US-Iran tensions
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4 Articles
Gold has a reputation as a financial “safe haven” in stormy times. However, this year, it has moved more like a roller coaster than a “cold” port. After months of war and a truce that proved to be (at least) fragile, gold, instead of “driving up” the returns of investment portfolios, has damaged them. At the end of January, the price of gold jumped to an all-time high of $5,600 an ounce, and has lost about 30% since then, and is now hovering nea…
Gold futures drop on MCX for the 7th consecutive day to Rs 1.5 lakh level. Read the detailed analysis of how US-Iran tensions and rising oil prices are triggering interest rate hike fears. Read the full report.
US-Iran tensions spark Safe-Haven rush as gold hits N190,000/g in Nigeria
Gold last traded at N190,000 per gram in Nigeria (which is about N6.1 million per ounce) for 24k gold amid the ongoing tension between Iran and the United States The post US-Iran tensions spark Safe-Haven rush as gold hits N190,000/g in Nigeria appeared first on Nairametrics.
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