Gold price has soared past Rs 71,000, hitting an all-time high. Here are the top factors driving the rally. Take a look: (Source: Prabhudas Lilladher)
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Fall in the dollar index as gold and the dollar have an inverse relationship.
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Inflationary concerns are driving global and domestic demand for gold as a hedge against inflation.
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It’s a safe investment haven amid geopolitical tensions, rising crude prices, and potential trade disruptions.
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Speculative buying by traders and investors on the rise as elections draw closer.
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Expectation of interest rate cuts this year.
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Continued buying by central banks.
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