Mumbai, April 10 -- Gold prices declined over 1% to hover near $4,770 per ounce, as profit-taking set in after recent gains. Despite the pullback, the metal remains on track for a second consecutive weekly rise, supported by easing geopolitical tensions and a softer US dollar. Over the week, gold futures are up more than 6% and silver futures are up 8%,-- continuing to outperform gold. The US-Iran ceasefire triggered a sharp fall in oil prices, reducing inflationary concerns and expectations of aggressive rate hikes, thereby limiting fresh safe-haven inflows. Meanwhile, the dollar index hovered near 99, still poised for a weekly decline, offering some cushion to gold. On the domestic front, MCX gold futures slipped 0.7% to Rs.152,290 per 10...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.