In the last one month, there has been a tremendous increase in gold prices. According to the data, the price of gold has increased by 10 percent. Now the biggest question is whether the price of gold will be seen in the future, or may it take a big brake? In the next few days, a policy meeting of the US Central Bank is going to be held for two days. Many important decisions are to be taken in this meeting. Will depend on the things that will be decided in that meeting whether the prices of gold will be seen or not. Let us also tell you what the experts have to say in this matter?
The price of gold may stop the rise in gold prices before the US Federal Reserve’s policy decision on 17 September, but analysts say that the glow of this precious metal will remain intact later. He said that business inflation figures, Britain and Euro sector will monitor the inflation figures of major economies, and the monetary policy meetings of Bank of England and Bank of Japan to assess the business fee effect.
Gold 10 percent expensive in 4 weeks
Pranav Mer, vice president of JM Financial Services – Commodity and Currency Research, said that the positive pace in gold prices continued and it closed up with a gain for the fourth consecutive week. However, in the middle of the week, the speed of growth slowed down. Investors and businessmen have now become cautious after increasing prices in the last four weeks and are hesitant to add new boom to existing prices. He said that gold prices are getting support due to geopolitical tension in West Asia and Russia-Ukraine.
Can continue to continue
Mer said that gold and silver prices are expected to remain positive, but currently investors are eyeing the results of the US Federal Reserve meeting. In such a situation, some consolidation can be seen in prices. The two -day meeting of the US Federal Reserve will begin on 16 September and the policy decision will be announced on 17 September. Prathamesh Mallya of Angel One said that this boom is not surprising due to the 50 per cent duty imposed on Indian imports in the US and increasing Russia-Ukraine conflict in recent weeks.