Multiple investment banks like the Bank of America (BoA), Barclays, Goldman Sachs, Barclays, and so on have raised their crude price forecasts for the year, indicating a delayed respite from high oil prices.
What is driving the gold price is clear, it is U.S. interest rate hikes, rising inflation and the war in Ukraine. After two months of war, it has become clear that gold has lost none of its appeal as a safe haven. John LaForge of Wells Fargo Bank, a major U.S. financial services company, also sees gold as a favorite among investors. The gold price is moving steadily upward, and small setbacks do not change this direction. As a store of value, gold is universally recognized and can also be held p
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