Updated on
Summary
Local as well as the global Gold prices have again hit a record high, Dunya News reported on Sunday. Experts have opined that there are further chances of increase in the prices. Gold prices reached $1432 per ounce in New York on 7th December this year. A recent survey has disclosed that 9 out 16 traders are of the view that Gold prices would increase further by the next week. Budget deficit is expected to increase due to US purchase of government bonds and reduced taxes. According to experts investors have lost their confidence in Euro and Dollar which would lead to increased investment in Gold. On the other hand technical experts are of the view that market can crash at any point of time.
