Once again a big prediction has come out regarding the prices of gold, which has created a stir in the investment market. Global financial institution J.P. Morgan (JP Morgan) has estimated that by the end of the year the price of gold may rise by about 40%. According to the report, gold may rise to $ 6,000 per ounce in the international market.
After this estimate came out, the eyes of investors around the world have once again turned to gold which is considered a safe haven. Experts believe that reasons like global economic uncertainty, inflation, possible changes in interest rates and geopolitical tensions are continuously increasing the demand for gold. J.P. Morgan’s report said that if the current global conditions remain the same, investors may turn to gold instead of the stock market and other risky assets. Due to this, a sharp rise in gold prices may be seen.
Analysts also believe that continuous buying of gold by central banks, instability of the dollar and fear of global recession are also strengthening the price of gold. This is the reason why many international institutions are considering gold as a strong investment option in the coming months. However, some experts are also calling this estimate quite aggressive. He says that such a huge increase is possible only if the global crisis and economic pressure increases further. Under normal circumstances, the possibility of such a rise is considered low.
Talking about the Indian market, if there is a rise in the prices of gold at the international level, then its direct impact will be seen on the domestic market also. In India, the demand for gold is already strong during the festival and wedding season, in such a situation the prices may go up further. Currently, the discussion has intensified among investors whether gold will actually create a new record in the coming time or it is just a guess. But it is certain that global economic indicators will play an important role in determining the direction of gold in the coming months.
