Hey there! I’ve been keeping an eye on the gold market lately, and something exciting caught my attention. In June, Gold Exchange-Traded Funds (ETFs) in India saw their biggest cash inflow in five months—pretty impressive, right? Even with gold prices being super high, people are jumping back into these funds. Let’s break it down in simple terms.
bullion investment
Spot Gold, Door Open for $3600—$3800, Need Patience.
Gold’s price broke through an important level at $3,330, which experts call a “symmetrical triangle pattern.” This is a sign that gold might keep going up, continuing a trend that started earlier this year.
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Gold prices have performed remarkably well this year, with returns of nearly 20% in the domestic market and almost 30% in the international market so far. The yellow metal has attracted a lot of attention by delivering double-digit returns every year since 2019, except for 2021 when it had a negative return of 4%.