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Is gold up for another bull run?

SAMAA | - Posted: Aug 30, 2019 | Last Updated: 5 months ago
SAMAA |
Posted: Aug 30, 2019 | Last Updated: 5 months ago
Last year, gold gave 60% return in rupee term

  • The price of gold is at an all time high
  • Gold earned 60% profit last year
  • This is higher than the profit yield from stocks, dollars or property
  • In Pakistan, gold is imported
  • The hike in the dollar rate also impacted the price of gold
  • We may see a similar trend in the coming year
  • The chances for an increase in oil prices are low
  • So people are likely to invest in gold
  • A trade war between US and China is continuing
  • This is creating uncertainty in the market
  • The demand for gold will likely be high
  • Mining companies, however, are finding it hard to increase supply because of a low discovery rate
  • Based on these fundamentals, the coming year is good time to invest in gold
  • Geopolitical developments, such as Brexit and the US-China trade war, have fueled the market uncertainty
  • This diverted international investments to gold
  • The bulk of it has been purchased by China, India and Russia
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gold, investment, profit, international market, exchange rates, rupees, samaa money
 
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