Gold outlook: Gold’s record run may hit resistance as US data, Fed signals and rupee slide set stage for volatility
Gold prices face a crucial test after hitting record highs in India, influenced by global macroeconomic cues and Federal Reserve signals. A weaker rupee and geopolitical tensions have fueled the rally, but analysts warn of potential near-term corrections. Festive demand and hopes for monetary easing support a constructive long-term outlook, though volatility is expected.
Gold prices face a crucial test after hitting record highs in India, influenced by global macroeconomic cues and Federal Reserve signals. A weaker rupee and geopolitical tensions have fueled the rally, but analysts warn of potential near-term corrections. Festive demand and hopes for monetary easing support a constructive long-term outlook, though volatility is expected. What's Your Reaction?
