Gold price rises to Rs. 55000 will happen: Silver is still undervalued but likely to bounce back fast
- Bullion Bits: Dinesh Parekh - Gold prices in the world market will rise to 22 2200 this year: the current price is around 1950 dollars! While the United States and European countries are worried about Russia's threat of a nuclear attack in the world market, Ukraine has not surrendered on the battlefield and Russia has started attacking and destroying Ukrainian cities. US Fed Chairman Jeram Powell has hinted that the April-May rate hike will raise interest rates by 1 / 2- 1/2 per cent to curb rising inflation. Felt to spot. And at the end of the week, the price was 15. This is a time of war, in which inflation has set in and gold is booming. America is doing a financial section on the one hand and increasing its debt by printing notes to keep the financial flow to the treasury which will work to give more pain to the Americans. Borrowing new money confuses American tax payers. In addition, 90% of Americans are unable to save at all and are being pressured under the burden of i...