Gold prices have corrected 16% from their peak. Should you buy?
There is also the possibility of the yellow metal prices falling furtherPremium
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NEW DELHI: Gold, which was the top-performing asset in 2020, has corrected around 16% since 7 August, 2020, when it had closed at a high of ₹55,922 on the MCX. Investors, who bought the asset in the last leg of the rally, could be wondering if they should exit.
Prices of the yellow metal are falling further, as it loses its safe-haven appeal with more covid-19 vaccines getting approval across the world.
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