Safe Haven Amidst Volatility? Gold Tops $3000 As Market Corrects But It Tends To See 'Painful Drawdowns After Periods Of Sharp Gains,' Says Expert

Underscoring the reason for the upmove in gold, Aditya Sesh, the founder and managing director of Basiz Fund Services said that “Any global uncertainty will push gold prices further up due to risk aversion. The current status leads one to conclude that there is high global uncertainty. This is reflected in FX and stock market movements.

Source: BENZINGA