Gold used for hedging

[sharegate]

I have observed that whenever oil prices rise , the concern over increasing inflation rate arises and it is then that gold is used as a hedging tool to curb any risks invloved . This trend has become a regular feature lately, even yesterday when oil rose, gold was used as a hedge to counter rising consumer prices. However the rise in oil prices is supporting gold prices.I feel gold will rise even more and go over $602.70 an ounce making it an inflation hedge... find out more

 

[ranjeet001]

Correct,
Now i think that gold will make its base here and will pull back again

 

[psuresh7]

after reaching $565 to 556 gold will pullback to high level