Gold Rate To Drop Soon:
Gold prices have been on a strong upward trend recently, crossing new records across international and Indian markets. On October 11, the price of 24-carat gold crossed ₹1.24 lakh per 10 grams in India. This rise came after U.S. President Donald Trump warned that new tariffs could be imposed on China, sparking fears of a trade war. As a result, investors turned to gold as a safe asset, pushing its prices even higher.

Gold Rate To Drop Soon:

In the international market, gold reached an all-time high of $4,059 per ounce, making it one of the best-performing assets of the week. Experts say that continuing tensions between the U.S. and China could lead to further increases.

However, several other global factors are also affecting gold prices. The possible collapse of France’s government, the U.S. government shutdown fears, and the Federal Reserve’s plan to raise interest rates by 25 basis points are making investors nervous. Additionally, the U.S. dollar lost around 0.6%, which has also supported the rise in gold prices.

Despite this short-term rally, Bank of America has recently issued a warning. According to their study, gold is currently in an “overbought” zone, meaning prices have risen too quickly. The bank suggests that a price correction is likely soon, and gold could drop by 10% to 15%. Experts advise investors not to put all their money into gold but to diversify across different assets to reduce risk.

While gold remains a strong investment during uncertain times, experts warn that the current price surge may not last long. Investors should remain cautious, track global market trends, and make informed decisions.

Disclaimer:
This article is for informational purposes only and not investment advice. Markets and investments carry risks, so please consult a certified financial advisor before making financial decisions.

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