Gold prices likely to increase

Gold prices have historically inched higher during the times of Akshaya Tritiya, but this time amidst the rising anticipation of the Fed’s aggressive policy stance, the yellow metal could see some pressure on the price front.

There are several factors which have contributed to gold’s movement in past few years, the Covid-19 pandemic being one of the major one. Although, there are three major factors to keep an eye on for gauging direction in gold — geo-political tensions, inflationary concerns and the central bank’s policies.

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