Gold prices have surged both globally and domestically, nearing the significant psychological level of $2,500 per ounce on the London spot market, representing a year-to-date increase of almost 17%. This momentum is reflected in the Indian market as well, with MCX futures prices exceeding ₹74,000 per ten grams.
Stagflation risks rise as oil prices threaten global growth outlook: Peter Cardillo
Global economic outlook darkens with stagflation fears as energy prices fuel persistent inflation. Experts warn central banks may keep interest rates high longer than anticipated.