Israel-Iran conflict: Gold prices may hit $4,000 per ounce in India

According to some market analysts and commodity experts, the price of gold could be heading towards the $4,000 per ounce mark in the medium to long term. This bullish forecast is being driven by a confluence of factors, including rising geopolitical tensions across the globe, persistent inflationary pressures, and the likelihood of interest rate cuts by major central banks like the US Federal Reserve. Gold is traditionally seen as a safe-haven asset, and its demand increases during times of economic uncertainty and international conflict. A potential easing of monetary policy by central banks would also make gold more attractive compared to interest-bearing assets. While this is a long-term projection and subject to market dynamics, the underlying factors suggest a strong fundamental support for gold prices going forward.