Gold prices fell 0.21% as investors sold gold and covered losses in other investments as the Israel-Iran conflict intensified. The US has said that it may cut interest rates twice, even if it keeps them unchanged. The US President pressed for a deeper cut.
In a survey by the ‘World Gold Council’, 95% of central banks believe that gold reserves will increase. Goldman Sachs and Bank of America expect gold to reach $4000/ounce by 2026. But due to high prices, gold sellers in India are giving discounts of up to $63 to customers.
