Why gold prices are at all-time highs? Is further rise likely ahead of Diwali?
Reuters
Sep 16, 2024 2:02 PM IST
Gold prices hit record highs, with spot gold up 0.5% at $2,588.29 per ounce, driven by a weaker dollar and anticipated US interest rate cuts.
Lower interest rates favor zero-yield bullion as a safe investment. Spot silver and platinum also saw gains, reflecting favorable market conditions for precious metals.
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