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gold price outlook: Gold falls for 2nd week as US yields rebound Where s it headed next?

Gold may have benefited from inflation and geopolitical concerns in the last two days of the week. However, gold is a poor inflation hedge, and geopolitical tensions are yet to escalate to a disconcerting level that could support gold prices in a sustainable way.

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Gold Price Weekly Forecast: Gold Rallies on US Rates, Geopolitical Worries

Escalating tensions in Yemen have boosted gold’s allure going into the weekend and with short-dated US Treasury yields falling further, XAU/USD may have more room to run.

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Gold price outlook in 2024: Will it sustain safe-haven status?

Indian gold prices surged to a fresh all-time high last year, with the most active MCX near-month futures booming to Rs 64,460 per ten grams in December. Firm overseas prices, weak Indian rupee, and expectations of an increase in jewellery demand amid peak wedding season propelled price rises.

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gold trading strategy: Gold ends with weekly declines; buy the dips going ahead

Gold prices came under intense immediate downside pressure on better-than-expected US non-farm payroll data. However, weaker-than-estimated ISM services data turned the tide to catapult gold sharply higher as the US yields pummelled.

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Gold Rate Today, Gold Price on December 6, 2023: MCX gold ascends on weaker US Dollar; support is seen at Rs 62020-61810, resistance at Rs 62580-62710 - Gold Price Forecast, Gold Price - Commodities News

Gold Rate Today, Gold Price on December 6, 2023: MCX gold ascends on weaker US Dollar; support is seen at Rs 62020-61810, resistance at Rs 62580-62710 - Gold Price Forecast, Gold Price - Commodities News
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