Since Jun'21 gold was trading in a range. The range was broken on 14th February, retested on 15th and toda it's trading above previous 52 week high. This may be an opportunity for buyers of gold (mcx) and goldbees (nse). What do you think?
Comment:
I didn't want to be right about this one as the reason behind this surge is very wrong. But still, this call was a right one. Buyers should stay invested as FOMC minutes suggest rate hike and inflationary pressures will be there. This is a good hedge. One can buy silver ETF also.