Experts believe increase in the pace of the vaccinations and the additional fiscal stimulus expected in the US may continue to weigh on gold prices
Gold resumed its selling spree today amid firm US dollar and lack of buying. COMEX Gold futures recovered yesterday amid good bargain buying as trader
Gold and silver prices are expected to slip further on the back of rise in US dollar, feel experts
Gold prices may correct further as rising bond yields and positive outlook on economic growth seems to have faded the demand for gold, say experts
The precious metal has been under pressure since the start of this year amid hopes of faster global economic recovery and rising US bond yields
One must wait for some more correction to buy gold as the the rising bond yields may continue to cap upside: Expert
The demand for the yellow metal therefore may remain elevated as it considered a hedge against inflation and currency debasement, expert said.
Rising bond yield and recovery in economies seem to be affecting gold and silver demand, said Anuj Gupta, Deputy Vice- President, Commodity and Curren
In the previous trade, it had closed at Rs 45,807 per 10 gram
Currently, gold is hovering near the Rs 46,000-mark, down Rs 10,000 from the August 2020 peak