Gold prices have been on an uptrend in the international markets during June. After consolidating in a narrow range of US $1294 to US $1354 per ounce over the first five months of calendar year 2019, gold prices have given a strong break-out on the upside to mark a five-year high. Gold was trading at US $1384 per ounce in the international markets. In the Indian markets, the price of the August Futures were hovering at Rs 33804 per 10 gram on the Multi-Commodity Exchange. The price was up 2 per cent compared to the previous close. Rising gold prices are expected to benefit investors holding gold in their portfolios. We had written about the risk-reward for gold investors earlier.Will prices continue to head north?The prices of gold bounced back in the international markets after the US Federal Reserve decided to leave interest rates unchanged. The US Central Bank made it clear that there is a possibility of cut in key interest rates. This is a clear signal that the interest rates are … [Read more...] about Can gold add more shine to your portfolio?