“Weak global trends have pressurized the
gold prices. The interest rate hike fears in the US together with selling
activity in China have caused the price of gold to fall to its lowest level in
nearly six years. Another reason behind the fall could be the near term
resolution of the Greek crisis. Until the global demand for gold increases, the
price of the yellow metal will remain suppressed.”
Ketan
Shroff, Director, Penta Gold Pvt Ltd.
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