Gold Prices Fall Below Rs 47,000/10 Gram On Improved Economic Data; What Should Investors Do Now?
Gold prices fall below Rs 47,000/10 gram on improved economic data; what should investors do now? The spot gold/silver ratio currently stands at 68.39 to 1 indicating that silver has outperformed gold. Mumbai / February 04, 2021 / 11:02 PM IST Gold prices fell sharply to Rs 46,788 per 10 gram on February 4 on better-than-expected US economic data and a decline in US jobless claims. The yellow metal breached below the psychological level of $1,800/oz on rising bond yields and a stronger dollar. US Labour Department reported that the number of Americans filing jobless claims dropped for the...