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Gold tops $3,400, nears Rs 97,000 on MCX; outlook positive
The Business Guardian
|April 22, 2025
Gold remains in the news cycle due to the latest rally in its prices.
On Monday, international gold prices reached yet another high, surpassing USD 3,400 per ounce.
On the Multi Commodity Exchange of India (MCX), prices are heading towards Rs 97,000 per 10 grams, touching a new high.
The uncertainties surrounding Trump's reciprocal tariffs plan and counter-tariffs have come as a shot in the arm to international gold prices, which have been moving northward for a considerable period. Analysts believe that safe-haven gold will remain elevated in the event of a possible escalation in the trade war.
Denne historien er fra April 22, 2025-utgaven av The Business Guardian.
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