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Quote on Gold prices at an all time high from Hareesh V, Head of Commodities, Geojit Financial Services
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Below the Quote on Gold prices at an all time high from Hareesh V, Head of Commodities, Geojit Financial Services
"Gold prices hovering near lifetime highs on worries over escalating Middle East tensions which raised the safe haven demand for the commodity. A possible increase in jewelry demand amid peak festival season and a weak Indian rupee also aided the commodity in the domestic market. Meanwhile, a sharp recovery in the US dollar limited major gains. Anyhow, investors are now focusing on US Non-farm payrolls data scheduled on Friday to get an outlook on the US economy and the further policy path of the US central bank."
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