Monday, 4 December 2023 Gold prices rally in international market, impacting domestic prices. Prices breach Rs 64,000/10 grams mark on MCX. Sharp correction follows, falling below $2,050 level. Local markets sell gold at Rs 67,500/10gm, a new all-time high. Surge in prices attributed to news of US warship and commercial ships attack in Red Sea. On the other hand, Avinash Gupta, former director, All India Gems & Jewellery Domestic Council, feels the surge was not substantiated by any fundamentals and was driven only by anticipation of the US Fed slashing interest rates much earlier than expected.
Gold and silver are at a high right now. Andrew Sorchini of Beverly Hills Precious Metals joins Amanda to go over what this means for you and the impacts it will have in 2024. Bring your gold, silver and financial questions for Andrew today! Tune in Dec. 4th at 4pm ET.
Gold took a big reversal swing to the down side from the prevus up trend, only to swing back up big, and now gold is looking to move up again continuing the up trend. we might see it test the all time..
Get Gold! Call Miles Franklin: 952-929-7006; email: info@milesfranklin.com. Use Code Kia. Why now? Gold just hit an all time HIGH! Andy Schectman, CEO explains why?!
Monday, 4 December 2023
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