Tag: geopolitical tension

Gold emerges as the best-performing asset class in 2022

Wednesday, February 23, 2022
After underperforming most risk assets last year, Gold has emerged as the best-performing asset class in 2022. The metal was trading at around $1,900 per ounce in the international market yesterday(22nd Feb.2022), up from $1,796 at the end of January. The precious metal made an intra-day high of $1,918 on Tuesday. Currently, gold is trading at its highest level since June 2021. The yellow metal is up nearly 5 percent during February and nearly 4 percent since the beginning of the calendar year as stocks and currencies struggle amidst high inflation and geopolitical tensions between Russia and Ukraine. In comparison, the Dow Jones is down 6.2 percent year-to-date (YTD) in 2022, while the Sensex is down 2 percent YTD in dollar terms and 1.6 percent in local currency. Other major stock indices, such as UK's FTSE100, Germany's DAX, Japan's Nikkei 225, and China’s Shanghai Composite, have also underperformed the yellow metal this year so far. Read more

Gold prices surged to a record high

Tuesday, June 23, 2020
Gold prices surged to a record high in India today( 22nd June 2020), as safe-haven bets remained in vogue in light of the coronavirus pandemic that has led to an economic slowdown across the globe. The escalated geopolitical tensions between India and China also drove the recent leg of the rally for the yellow metal in the domestic market. Analysts believe the rally for gold is here to stay and foresee a firm trend in the near term. Read more