Gold prices have surged over 15% in the last three months, making it the best performing asset class since the beginning of 2024. Similarly, silver has delivered returns of over 13% since January 1. Citigroup forecasts gold to reach $3,000 per ounce over the next 6-18 months, driven by inflation and expectations of monetary easing. Geopolitical tensions in the Middle East and Ukraine further bolster gold prices.
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NewsTranscript
00:00 Gold prices have risen more than 15% in last 3 months.
00:04 Let us talk about what is next for gold.
00:08 If you have invested in gold, the returns have never been so good.
00:12 The yellow metal has risen more than 15% in the past 3 months and it has emerged as the
00:18 best performing asset class since the beginning of 2024.
00:22 Silver too gave more than 13% returns since 1st January.
00:28 Gold prices worldwide has broken all barriers and cities analysts now say that they project
00:34 gold to rise to $3000 per ounce over the next 6-18 months.
00:40 This is driven by persistent inflation and the anticipation of monetary easing by major
00:46 central banks.
00:47 The situation is further compounded by geopolitical unrests in the Middle East and Ukraine, contributing
00:54 to a surge in gold prices.
00:56 Historically, high interest rates have made gold a less appealing investment.
01:01 However, the narrative now has shifted, with the US Federal Reserve adopting a less aggressive
01:08 stance and hinting at potential cuts.
01:12 Investing in physical gold presents challenges, including high making charges for jewelry
01:17 that significantly erode potential returns, concerns over purity and the risks and costs
01:24 associated with storage.
01:26 And despite potential price increases, the resale value may not compensate for the initial
01:31 purchase cost.
01:32 The evolving landscape of gold investment presents a complex interplay of factors for
01:38 investors to consider.
01:40 The shift in monetary policy, alongside the enduring allure of gold as a hedge against
01:45 inflation and geopolitical uncertainty, underscores the metal's resilience as an asset class.
01:53 As market conditions and investment strategies continue to evolve, the age-old advantage
01:59 of diversification remains a fundamental principle guiding investors' decisions in the pursuit
02:05 of financial security and growth.
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