COMEX Gold futures stayed locked in a range after hitting a two month high last week as traders eyed increasingly volatile undertone in risky assets and sustained selling pressure in equities. The World Gold Council (WGC) stated in a latest update that Gold benefits from diverse sources of demand like investment, reserve asset, jewellery, and a technology component. It is highly liquid, no ones liability, carries no credit risk, and is scarce, historically preserving its value over time. WGC noted that inflation was a prominent global theme throughout 2021 and is still a key input into 2022 investor decisions. WGC analysis shows that gold has performed well into CB hiking cycles and has been an effective inflation hedge. The metal holds around $1840 per ounce right now.
Powered by Capital Market – Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2025, IIFL Capital Services Ltd. All Rights Reserved
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
