Mr. Colin Shah, MD, Kama Jewelry
“The decision of US Fed keeping the interest rates unchanged comes following the global uncertainty caused by the escalating trade war, a slowdown in the economic growth in the US, and volatile inflation trends. While the inflation may appear to have cooled down and the growth looks robust, this still does not warrants for a rate cut as the risks of uncertainty regarding the economic outlook looms large. Hence, the Fed Chair will evaluate the data after the 90-day pause period to decide about the future rate cuts.
In terms of gold, the prices moved up in the domestic market following the Fed’s announcement and cautious stance over the economic outlook, which pushed investors towards the yellow metal. Gold tends to perform well in low interest rate regime.
Going ahead, we expect gold prices to be elevated with mild volatility in the price trajectory due to the ongoing trade war between US-China and the geopolitical tensions in the Middle-East and Russia-Ukraine. Prices could hover in the range of INR 96,000 to 97,000/10 gms in the domestic market and USD 3400 to 3500/Oz in the international markets in the near term.”
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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.
Read more:
https://heerazhaveraat.com/gjc-inaugurates-new-office-welcomes-economic-measures-and-presents-structured-roadmap/
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