Factors that will heal gold’s wound
The US stock market has given smart returns in the last few months and US economy has also shown some signs of revival. But some economic data released last week show that economy in US is still gloomy and the speed of recovery is far from satisfactory. Though factory and construction activities have rushed forward, growth in many areas mostly remains subdued.
Furthermore, there is no assurance of a major spin in the economic situation of US which means that riskier assets will remain under pressure, benefiting gold in the long term.
Ajeet Kumar/Reema Sharma
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