Gold prices have gone up by 24% since January 2016. Currently, the yellow metal is the best performing asset globally. Analysts believe that risk-averse investors have stuck with safe assets such as gold, pushing prices up. Experts say that if the UK leaves the European Union, the international gold prices could go as high as $1,400 (Rs 94,213) reported Economic Times.
The decision by two major central banks of the world – Federal Bank Limited and Bank of Japan – to hold key policy rates unchanged has also added to the price surge. Besides, the dollar tumbled against other major currencies, and this also added to the spurt.
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