Perspective on Gold & Precious Metals Outlook by Mr. Darshan Desai, CEO, Aspect Bullion & Refinery
Below the Perspective on Gold & Precious Metals Outlook by Mr. Darshan Desai, CEO, Aspect Bullion & Refinery
“Gold has seen significant price movements this week, with prices correcting sharply earlier before recovering towards the close. The correction has brought some buyers back into the market, although consumers remain selective amid elevated price levels. As we move deeper into the festive and wedding season, we expect physical demand to gradually strengthen, particularly for coins, bars and lighter-weight jewellery. Going forward, gold prices are likely to remain sensitive to interest-rate expectations, movements in the US dollar, crude oil prices and geopolitical developments. While short-term fluctuations may continue, the underlying demand for gold remains resilient, and we expect buying activity to strengthen as consumer sentiment improves and the festive season gathers momentum.”
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