Mr. Colin Shah, MD, Kama Jewelry
Gold price rally to continue as we advance into a low-rate era
“Gold prices in the international market rallied over 1% to trade over the $2710 level. The move is primarily due to the 25 bps rate cut announced by the US Fed last night. The rate cut led to a cooloff in DXY and subsequently a rally in gold. The yellow has recovered much of the fall witnessed earlier this week. Gold prices normally tend to rise in a low-interest regime.
We are currently in a low-interest regime, post two straight cuts announced by the US Fed, and the RBI is expected to cut rates next month. Thereby fuelling the rally in gold further. As we are expected to be in a lower for longer interest rate regime, gold prices are expected to stay elevated. The geopolitical tensions are expected to support the yellow metal further. We reiterate our view on the gold price trajectory. In the long term, gold prices will touch $3000 globally, and Rs 86,000 in the domestic markets.”
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Heartiest congratulations to Team GJC on acquiring our own office. This marks a new milestone for the team. Wishing you greater success and many more achievements ahead 💐💐
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Congratulations to Team GJC on the inauguration of the new office. Best wishes from Team Heera Zhaveraat.
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https://heerazhaveraat.com/gjc-inaugurates-new-office-welcomes-economic-measures-and-presents-structured-roadmap/
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