Kunal Shah Sees Gold Reaching $4,800 by Next Samvat
Nirmal Bang Securities’ Kunal Shah says gold could climb to $4,700-$4,800 by next Samvat, citing rising US government debt and persistent central bank purchases.
Gold could climb to $4,700-$4,800 by the next Samvat as rising US government debt and persistent central bank purchases drive renewed allocations to bullion, according to Kunal Shah, Vice President and Head of Commodities Research at Nirmal Bang Securities.After correcting sharply from its peak of…