- Jul 26, 2023
- 5 min read

Gold Prices on the Decline: What Investors Need to Know Says - MAHARISHI CAPITAL

Gold prices have been on a downward trend in recent months, and there are a number of factors that suggest that this trend is likely to continue in the coming future.

Rising Interest Rates

One of the main reasons for the decline in gold prices is the rising interest rates in the United States. As interest rates rise, the opportunity cost of holding gold increases, as investors can earn a higher return on their money by investing in interest-bearing assets.

For example, if interest rates rise to 5%, an investor who holds gold will be losing money on their investment if gold prices do not rise by at least 5%.

Strengthening US Dollar

Another factor that is weighing on gold prices is the strengthening of the US dollar. The US dollar is currently trading at a 20-year high against a basket of other currencies. This makes gold more expensive for investors who hold other currencies.

For example, if an investor in India holds gold, they will need to pay more rupees to buy gold if the US dollar is strong.

Uncertain Global Economic Outlook

Finally, the global economic outlook is becoming more uncertain, and this is also contributing to the decline in gold prices. Investors are becoming more risk-averse and are looking for assets that are seen as safe havens, such as the US dollar.

Maharishi Aazaad's Prediction

International Ambassador Of Sanskrit - Maharishi Aazaad

The International Ambassador of Sanskrit and director of Maharishi Capital, Maharishi Aazaad, has warned that gold prices are likely to fall in the coming future.

"There are a number of factors that are contributing to this trend," said Maharishi Aazaad. "First, interest rates are rising in the United States, which makes gold less attractive as an investment. Second, the US dollar is strengthening, which also makes gold more expensive for investors who hold other currencies. Third, the global economic outlook is becoming more uncertain, which is leading investors to become more risk-averse."

Maharishi Aazaad also noted that the current MCX Comex figures support his prediction. "As of July 19, 2023, the current price of gold on MCX Comex is ₹59,700 per 10 grams," he said. "This is a decrease of more than 8% from the beginning of the year."

Risks of Investing in Gold

Maharishi Aazaad urged investors to carefully consider the risks involved before investing in gold. "While gold is a valuable asset, it is important to remember that it is also a volatile market," he said. "Investors should only invest in gold if they are prepared for the possibility of losing money."

Conclusion

In conclusion, Maharishi Aazaad believes that gold prices are likely to fall in the coming future. He cites a number of factors, including rising interest rates, a strengthening US dollar, and an uncertain global economic outlook. He urges investors to carefully consider the risks involved before investing in gold.

Disclaimer:

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets and stocks comes with a risk of financial loss.

Author

Meghna Mishra

Sr. Research Analyst

Maharishi Capital

LIVE MARKET'S OF THE WORLD

Argentina: - MERVAL Index Australia: - Australian Securities Exchange (ASX) Bahrain: - Bahrain Bourse (BHB) Barbados: - Barbados Stock Exchange (BSE) Brazil: - B3 - Brasil Bolsa Balcão (BOVESPA) Canada: - Toronto Stock Exchange (TSX) Chile: - Santiago Stock Exchange (BCS) China: - Shanghai Stock Exchange (SSE) - Dalian Commodity Exchange (DCE) - Zhengzhou Commodity Exchange (ZCE) - Shanghai Futures Exchange (SHFE) Croatia: - Zagreb Stock Exchange (ZSE) Cyprus: - Cyprus Stock Exchange (CSE) Czech Republic: - Prague Stock Exchange (PSE) Egypt: - Egyptian Exchange (EGX) Estonia: - Tallinn Stock Exchange (TSE) Fiji: - Fijian Holdings Limited (FHL) France: - CAC 40 Index Germany: - Frankfurt Stock Exchange (FWB) Gibraltar: - Gibraltar Stock Exchange (GSX) Greece: - Athens Stock Exchange (ASE) Hong Kong: - Hong Kong Stock Exchange (HKEX) Hungary: - Budapest Stock Exchange (BSE) Iceland: - Iceland Stock Exchange (Nasdaq Iceland) India: - Bombay Stock Exchange (BSE) - National Stock Exchange of India (NSE) - Multi Commodity Exchange of India (MCX) Indonesia: - Indonesia Stock Exchange (IDX) Iraq: - Iraq Stock Exchange (ISX) Israel: - Tel Aviv Stock Exchange (TASE) Italy: - FTSE MIB Index Jamaica: - Jamaica Stock Exchange (JSE) Japan: - Tokyo Stock Exchange (TSE) - Tokyo Commodity Exchange (TOCOM) Jordan: - Amman Stock Exchange (ASE) Kazakhstan: - Kazakhstan Stock Exchange (KASE) Kuwait: - Kuwait Stock Exchange (BKP) Kyrgyzstan: - Kyrgyz Stock Exchange (KSE) Latvia: - Riga Stock Exchange (Nasdaq Riga) Lebanon: - Beirut Stock Exchange (BSE) Lithuania: - Vilnius Stock Exchange (Nasdaq Vilnius) Luxembourg: - Luxembourg Stock Exchange (LuxSE) Malawi: - Malawi Stock Exchange (MSE) Malaysia: - Bursa Malaysia Stock Exchange (Bursa) Malta: - Malta Stock Exchange (MSE) Mauritius: - Stock Exchange of Mauritius (SEM) Mexico: - Mexican Stock Exchange (BMV) Mongolia: - Mongolian Stock Exchange (MSE) Montenegro: - Montenegro Stock Exchange (MNSE) Morocco: - Casablanca Stock Exchange (CSE) Namibia: - Namibian Stock Exchange (NSX) Nigeria: - Nigerian Stock Exchange (NSE) - Nigerian Exchange Group (NGX) Norway: - Oslo Stock Exchange (OSE) Oman: - Muscat Securities Market (MSM) Palestine: - Palestine Exchange (PEX) Papua New Guinea: - Port Moresby Stock Exchange (POMSoX) Peru: - Lima Stock Exchange (BVL) Philippines: - Philippine Stock Exchange (PSE) Poland: - Warsaw Stock Exchange (WSE) Qatar: - Qatar Stock Exchange (QSE) Romania: - Bucharest Stock Exchange (BVB) Russia: - Moscow Exchange (MOEX) Rwanda: - Rwanda Stock Exchange (RSE) Saudi Arabia: - Saudi Stock Exchange (Tadawul) Serbia: - Belgrade Stock Exchange (BELEX) Singapore: - Singapore Exchange (SGX) South Africa: - Johannesburg Stock Exchange (JSE) South Korea: - Korea Exchange (KRX) Spain: - IBEX 35 Index Sri Lanka: - Colombo Stock Exchange (CSE) Sweden: - OMX Stockholm 30 Index (OMXS30) Switzerland: - Swiss Exchange (SIX) Taiwan: - Taiwan Stock Exchange (TWSE) Tanzania: - Dar es Salaam Stock Exchange (DSE) Thailand: - Stock Exchange of Thailand (SET) Turkey: - Borsa Istanbul Stock Exchange (BIST) UAE: - Dubai Financial Market (DFM) - Abu Dhabi Securities Exchange (ADX) Uganda: - Uganda Securities Exchange (USE) - Uganda Commodity Exchange (UCE) UK: - London Stock Exchange (LSE) - London Metal Exchange (LME) USA: - New York Stock Exchange (NYSE) - NASDAQ Stock Market - Intercontinental Exchange (ICE) - Chicago Mercantile Exchange (CME) - Chicago Board of Trade (CBOT) - New York Mercantile Exchange (NYMEX) Venezuela: - Caracas Stock Exchange (BCV) Vietnam: - Ho Chi Minh Stock Exchange (HOSE) - Hanoi Stock Exchange (HNX) Zambia: - Lusaka Stock Exchange (LuSE) Zimbabwe: - Zimbabwe Stock Exchange (ZSE)