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Podcast: businessline's State of the Economy Podcast
Episode: Theme: Commodities | Will gold, silver be within your reach this festive season?
Description: Gold has experienced significant price fluctuations in recent times. Colin Shah attributes this volatility to a combination of factors, including the stability of the US economy, high inflation rates, and lingering uncertainties in China and Europe.Despite the turbulence, he anticipates that gold and silver prices will continue to rise in the coming quarters, primarily driven by inflation, interest rate movements, and geopolitical factors.Regarding gold’s outlook, Colin Shah suggests that the upside potential could reach as high as $2,100 an ounce, while the downside risk is relatively limited, with a possible correction of around $50. Fa...