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The yellow metal hit another new life high last week. Even as its prices hover around ₹67,000 per 10g — trading close to lifetime highs — analysts are not worried. They say that there is still juice left in the bullion to provide good returns for long-term investors. Last week, gold prices rallied by 4%, aided by a fall in the US dollar and bond yields. Its sharp surge was unexpected and out of fist for many experts, and it could fluctuate in the near term based on changing the US Fed’s interest rate cut expectations. Yet, few doubt its long-term appeal.
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