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Where are gold prices headed? Good news seems to be on the way

The trajectory of gold prices will depend a lot on how the US Fed manages inflation. We should allocate up to 20 percent of our portfolio to gold.

October 15, 2022 / 09:50 AM IST
Representative Image

Representative Image

As predicted, international gold prices have been range-bound since the past few months.

Prices have been hovering around $1,700 per ounce due to conflicting factors pushing and pulling the precious metal. Investors are concerned about the possible trajectory of gold, given the uncertainties pertaining to geopolitics and the economy. Currently, prices are essentially being driven by two factors — monetary policy and inflation.

So, where are gold prices headed?

If markets are bearish