Gold prices are at an all-time high because of the Israel- Hamas ongoing war. So, should you start investing in Gold?
Gold acts as a hedge against inflation. When there is a rise in inflation, then the price of gold rises, too.
There is a negative correlation between Equity Market and Gold. When the market goes down, the gold prices rise and vice versa.
As soon as the Israel-Hamas War escalated, gold prices touched an all-time high due to ongoing geopolitical tensions.
In addition to its sentimental significance, gold is purchased for portfolio diversification since it is regarded as a safe-haven asset during turbulent periods in the world markets.
Purchasing gold is regarded as fortunate in India during the Diwali season. During the national holidays of Dussehra and Diwali, there is an increase in demand for real gold.