Gold shines as demand for safe haven asset strong; Infomerics Ratings anticipates 10% price jump this year

New Delhi [India], August 7 (ANI): After a 10.2 per cent increase last year, gold prices are expected to rise another 9.9 per cent, Infomerics Ratings said in a report, attributing largely to the Middle East crisis involving Iran and Israel.

The dragged geopolitical crisis in the Middle East has spurred a rush into safe-haven assets such as gold. Historically, gold, as an asset, is considered a haven as it typically manag