- US dollar Depreciation.
- Rising Inflation fear in US and other major economies across the globe.
- Central Banks of major countries buying gold instead of US dollar and RBI has also jumped into the gold wagon.
- End users from Brics causing increase in gold consumption.
- Commodities funds or gold specific funds are another culprit.
- Carry Trade: The dollar carry trade has also contributed to the rise in gold prices.
- Geo-Political Tensions and Oil Prices
- Speculation in gold by traders and hedge funds.
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