Gold retreats on strong dollar after four-day rally
Gold prices experienced a significant drop of over 5%, ending a recent rally. This decline was driven by a strengthening dollar and diminishing hopes for an interest rate cut, as inflation worries grew amid the ongoing West Asia conflict. Indian traders are now forecasting substantial price hikes for gold and silver if the regional tensions persist.
Gold prices experienced a significant drop of over 5%, ending a recent rally. This decline was driven by a strengthening dollar and diminishing hopes for an interest rate cut, as inflation worries grew amid the ongoing West Asia conflict. Indian traders are now forecasting substantial price hikes for gold and silver if the regional tensions persist.
