Gold Price Jumps: Above $4,314/Ounce; Experts See Corrections, Long-Term Hedge Strong

• The international spot price of gold rose 0.24% to just above $4,314 an ounce on December 17.
• Domestic MCX futures for 24K gold opened at Rs 1,35,079 per 10 grams and hovered around Rs 1,34,476, up 0.05% in 24 hours.
• Gold's rise is attributed to global uncertainty, geopolitical tensions, central bank buying, and expectations of interest rate cuts.
• Experts like Ross Maxwell predict mild corrections after a 60% surge but affirm gold's strong fundamental role as a long-term hedge.
• Investors are advised to balance profit-taking with core allocation and use dollar-cost averaging for new investments, treating gold as a strategic asset.

Why It Matters: Gold prices are rising due to global factors, with potential corrections but strong long-term hedging value.