Gold prices experienced a rise due to a weaker U.S. dollar and persistent economic uncertainties, enhancing its appeal as a safe-haven asset. Platinum prices saw a slight decrease after reaching a peak not seen since 2014. Market anticipates potential U.S. rate cuts, further bolstering gold’s attractiveness amidst ongoing trade negotiations and geopolitical tensions.
Wait for dust to settle before taking fresh bets, says Maulik Patel
Geopolitical tensions and market swings prompt caution for investors. Maulik Patel of Equirus Securities advises patience, suggesting a wait-and-watch approach. He notes current crises differ