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    Akshaya Tritiya 2021: A look at the trends in gold

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    Akshaya Tritiya 2021: A look at the trends in gold

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    Rising inflationary trends should be conducive for buying in gold implying that the investment demand for the yellow metal will likely increase in the coming months.

    Rising inflationary trends should be conducive for buying gold implying that the investment demand for the yellow metal will likely increase in the coming months.
    The 20-year chart for gold shows that it has performed well in times of economic crisis. Gold has also given good returns in recent years. According to experts, gold has beaten inflation when you look at the last 10 to even 50 years horizon.
    The yellow metal in 2021 is trading in the negative because of the strength in dollar, higher treasury yields and investment money pouring into equities and industrial commodities. However, with inflation concerns rising, gold seems to be getting its mojo back as it holds above $1,800/ounce.
    According to banks, gold will hit $2,000/ounce by Q3 2021. In the special segment ‘Commodities Trade’, CNBC-TV18’s Manisha Gupta gets a detailed analysis of the trends in gold.
    Watch the video for more.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
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