Is the gold rally getting over? No, this is just the beginning

October 5, 2024

Gold has surged by 4% after the U.S. Federal Reserve’s rate cut and is expected to continue rising. Geopolitical tensions, further rate cuts, rising inflows into gold ETFs, and central bank purchases are key drivers. Seasonal demand in India will also support the price momentum, making it a promising period for gold investments.

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Corporate India’s net profit surged in the March quarter, driven by reduced non-operating costs, while revenue growth remained moderate. Excluding banking and finance, profit growth

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