Gold prices in India witnessed a rollercoaster ride last week, initially reaching unprecedented highs fueled by safe-haven demand amidst geopolitical tensions and economic instability. However, prices took a sharp downturn as indications of potential trade talks and peace initiatives emerged. Market participants are keeping a close eye on factors such as central bank autonomy, inflation projections, and economic indicators from the United States to gauge the trajectory of future policies. The fluctuating gold prices have left investors speculating about the metal’s future performance in the face of changing global dynamics.
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Gold prices soar on safe-haven demand, then correct sharply on trade talks optimism; investors eye central banks and data.
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