Golddealer25 Aug, 2022Business
We acknowledge the recent rising action in gold and silver, but now we may see the possibility of a top. As broader dollar weakening offset pressure from an increase in Treasury yields and expectations for US interest rate hikes, gold prices stabilised on Friday and were on course for their fourth consecutive weekly gain. Fundamentally, there are opposing variables at play here for gold. Top gold dealers in India said: "On the one hand, we have a weaker US dollar assisting, but of course the hike in yields is the other side of the equation.
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