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Is gold up for another bull run?

August 30, 2019
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

7 months ago
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