Perspective on Gold & bullion industry - impact of geopolitical tension by Mr. Darshan Desai, CEO, Aspect Bullion & Refinery
Below the Perspective on Gold & bullion industry - impact of geopolitical tension by Mr. Darshan Desai, CEO, Aspect Bullion & Refinery
“Gold has started the week on a softer note as higher US rate expectations and a stronger dollar weigh on prices. With domestic prices still elevated, physical buying remains selective.
From the bullion industry’s perspective, jewellers and traders are likely to stay cautious on inventory amid the volatility. A meaningful correction could bring some buyers back. Going ahead, gold will remain sensitive to US economic data, Fed expectations, the dollar and geopolitical developments, while the festive and wedding season should provide some support to domestic demand.”
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