Gold Prisis Poised for a 6-month winning run-first time in 23 years: Should you invest amid this history rally?

Gold Pries Have Been Caught in a Strong Bull Run this year, supported by multiple factors – INCLUDING A Weaker Us Dollar, Expectations of Rate Cuts by the Federal Reserve, and Recursion fares Us-Emposed Global Tarifs.

In India, where gold has crossed the 1,00,000 per 10 grams mark, the rally gained fresh momentum amid renewed geopolitical tensions between Iran and israel. Although prices have eased slightly from record highs, they remain elevated and are poised to close higher for a Sixth Consective Month.

The US market shows a similar trend. Spot Gold Pries in the Us Closed Higher for the Fifth Month Straight in May, A Streak Last Seen in May 2017.

Gold on Path for a Historic Rally

The yellow metal is alredy up over 3% in June, and here’s where it gets: If gold ends positive in June, it would mark a rare six-month-winning streak, Last Whitnesed 23 Years AGE, In May 2002, According to a report by Axis Securities.

In the past 75 years, such a streak has obcurred only 13 times, and history sugges this bodes well for long-term investors. Data shows that over the next 12 months, gold prices rose about 85% of the time, deliverying an average return of near 50%. Looking ahead two years, the Win Rate Remained Strong, with Average Gains Neering 100%.

“The takeaway here is that the Six-month-winning streak has been a solid signal for long-term investors to allocate more of their wealth to gold as the purchasing power of the dollar erodes, in turn triggering the slow but evid Process of Global de-Dollarization, “Axis Securities Said.

Gold: Fundamental Outlook

Apart from history, the fundamental backdrop for gold also remains favorite.

Carsten Menke, Head Next Generation Research, Julius Baer, ​​Said Barring A Significant Economic Impact or A Spreading in the Region, The Gold Market is Likely to Lose Its Interest Ins Iter in the Conflist Sooner or Later Later, As suggested by similar events in the past. Nonetheless, menke sees the conflict as an element that is supporting the prevailing bullying bully in the ground market, what fundamentals remaiin favorite.

“Demand from safe-han seekers should stay strong amid Prevailing Economic and Political UncertainTies. Us dollar as a reserve currency.

Technical Outlook: Gold Pries

In the short term, US gold primed to reach the $ 3,600- $ 3,800 zone, where axis securities said it would advise Swing Traders to Book Profits Since It Close Its Its Its Its Its it decline. On the downside, $ 3,245 is critical – Anything under that, and a bigger drop below $ 3,000 Backets a Real Risk, It Added. In summary, all eyes are on $ 3,289 for between now and month-end.

The Current Trading Range for Gold is Seen Between 98,500 to 1,00,500 in the Near Term, According to Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Us Fed’s Interest Rate Decision, Geopolitical Tensions Between Iran and Israel and Progress in Global Trade Negotiations are expected to drive VoLATILTY and Set the Directional Tone For Gold, Hey.

Disclaimer: This story is for educational purposes only. The views and recommendations made Above are that of individual analysts or broking companies, and not of mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.