Gold has witnessed a spectacular first half this year with a mammoth gain of almost 25 per cent. Global economic concerns, political and economic uncertainty caused by Brexit and loose monetary policy stance of major central banks are some of the factors which have helped pushed gold price to the highest level since 2014.
However, gold price have turned rangebound in last few days as market players await fresh triggers to extend the gains. Gold has been trading in a narrow range above $1300/oz since start of August indicating lack of direction.
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Article from Financial Express.