Gold futures for August delivery remains above Rs 49,000 per 10 grams on MCX. On Tuesday, the August futures of gold traded in a range. Even today, gold seems to be trading in a small range only.
Singapore, June 9 (ANI) Gold prices have been rising globally since April and Fitch Solutions believes there is further upside in the next few months as inflationary pressures remain elevated and pressure real bond yields.
Gold will surge to fresh highs in the next year, but investors seeking currency alternatives as global debt balloons should look to Bitcoin, according to a $7.5 billion hedge fund. Both are likely to rally even as the Federal Reserve moves to taper asset purchases, said Troy Gayeski, co-chief investment officer and senior portfolio manager at SkyBridge Capital. The two are frequently compared by investors, with former Treasury Secretary Lawrence Summers saying cryptocurrencies could stay a feature of global markets as something akin to digital gold. “We’re going to stick to Bitcoin and crypto because we just think there’s more upside,” Gayeski said in a telephone interview last week. While there’s more volatility, “you’re going to capture a little bit more juice than you will in gold from that same phenomenon,” he added.
Gold Price Today, June 7, 2021: Prices remain stable, check rates in Delhi, Mumbai, Bengaluru, Kolkata, Chennai - Gold rates today (June 7, 2021) have remained by and large stable in all major cities in India including Delhi, Chennai, Kolkata and Mumbai.