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Gold breaches Rs 83K for first time amid uncertainty over Trump policies

Business Standard LogoBusiness Standard8h ago

Gold breaches Rs 83K for first time amid uncertainty over Trump policies - Business Standard

Quick Summary:

According to the All India Sarafa Association, the precious metal of 99.

According to Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, investors will also look ahead for the upcoming Union Budget and the US Federal Reserve's interest rate decision, which are the key events on the radar for the future course of action for the bullion prices.

The current bullish momentum in gold is driven by uncertainty surrounding the potential US tariffs plan and other policies from President Donald Trump, which has led to a recent surge in safe-haven buying, Gandhi added.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-24 @ 19:40:41 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 567 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25404261

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 339 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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