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Gold price outlook: Bullion may be near its peak as global tailwinds fade
From timesofindia.indiatimes.com
After soaring over 40% in the past year and hitting record highs, gold prices may be running out of steam. Analysts and research houses including Citi, Motilal Oswal, and Fitch unit BMI have raised caution flags, pointing to shifting macroeconomic conditions that could undercut the yellow metal's recent safe-haven strength. The run-up in gold prices has been dramatic: from $1,797 per troy ounce in January 2022 to $3,342, a gain of 86% in just over two years. That climb was supported by persistent geopolitical tensions, especially in Ukraine and the Middle East, and consistent central bank accumulation of the asset, ... (full story)