On account of mixed signals from the US Federal Reserve on interest rates, gold price is currently at its 2-month low. They advised investors to maintain 'buy on dips' strategy till gold is trading above $1,720 per ounce in international market. Investment strategy for investorsAdvising gold investors to maintain buy on dips strategy in current scenario Anuj Gupta, Vice President — Commodity & Currency Trade at IIFL Securities said, "This sharp fall in yellow metal price is big opportunity for gold investors. They should continue buy on dips till gold price in international market is above $1,720 per ounce mark. We may witness trend reversal in precious yellow metal price from $1,750 per ounce mark too, as it is working as current immediate support for gold."

Source: Mint July 03, 2021 03:00 UTC