The big story is gold. It shot above that USD 1,500 an ounce mark for the first time ever as worries over the outlook for the US economy boosted the yellow metal as a safe haven whereas rising inflation helped lift Asian demand. Now gold prices are up 5% in the month of April.
James Steel, Chief Commodity Analyst at HSBC spoke to CNBC-TV18 about where he sees those prices headed. Below is a verbatim transcript of his interview with CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
