As gold prices hit record highs, what history says about what happens next
From business-standard.com
Gold prices continue to surge relentlessly, showing no signs of cooling. On Monday (October 13), gold futures on the Multi Commodity Exchange (MCX) climbed 1.62 per cent to ₹1,23,313 per 10 grams — a new all-time high in Indian markets. Internationally, bullion crossed the unprecedented $4,100 per ounce mark. The rally has reignited public fascination with the yellow metal, leaving investors, jewellers, and economists alike asking: what’s fuelling this surge, and how long can it endure? What stands out the most is that gold’s most recent $1,000 surge happened in barely 207 days. While it took close to 15 years for ...
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