Will Gold Prices Remain Under Pressure? CARE Ratings’ Take

"BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..CARE Ratings Research Report.The rise in interest rates and low liquidity created pressures on the international gold prices during February 2021.Alongside, the widespread rollout of coronavirus vaccines in various nations created hopes of a faster global economic recovery, which capped the upside potential of gold price movement.However, the downside potential of this metal’s prices was restricted by the gradual spread of new strains of Covid-19 which led to fresh lockdowns in various cities of developed nations like the U.K. and Canada, among others.Global gold investment demand Investments in gold-backed ETFs continues to remain firm as data from World Gold Council shows that global inflows in such assets stood at $7,238 million for year-to-date February 19, 2021..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Will Gold Prices Remain Under Pressure? CARE Ratings’ Take