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The Indian stock market shows signs of pressure, and investors are turning their attention to gold.
Jin10 data reported on July 28th that as the Indian stock market shows signs of pressure, some investors are turning their attention to gold for stability. Yes Securities remains optimistic about gold, citing the uncertainty surrounding U.S. tariffs and the stable demand from Central Banks and gold ETFs. Their prediction is that gold prices will reach $3600/ounce to $3800/ounce by the end of the year, indicating that not all funds are chasing growth assets.