Perspective on the Gold & bullion industry by Darshan Desai, CEO, Aspect Bullion & Refinery
Below the Perspective on the Gold & bullion industry by Darshan Desai, CEO, Aspect Bullion & Refinery
“Gold has had a volatile week, with prices correcting sharply before recovering towards the end, supported by a softer US dollar and easing bond yields. The market remains sensitive to US interest-rate expectations, currency movements and geopolitical developments.
From the bullion industry’s perspective, the recent correction has encouraged some buying interest in India, although consumers remain price-conscious. With the festive and wedding season gaining momentum, physical demand should gradually improve.
Looking ahead, volatility is likely to persist, with US economic data, Federal Reserve commentary and the dollar influencing prices. However, festive buying should provide some support to the domestic bullion market in the coming weeks.”
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