Some reasons for the same could be;
Low interest rates, market volatility, economic uncertainity.
Let us delve deep into them.
Lower interest rates make holding gold more attractive since it does not yield interest.
When rates are low or negative, the opportunity cost of holding gold decreases, supporting higher prices.
Market Volatility, when the stock market dips, Gold prices increase, and hence it is a very preferred mode of asset for investors.
Gold helps build your wealth and balance your portfolio.
Ready to invest in Gold?