Gold losing shine
Meanwhile, safe-haven gold remained under pressure this week amid a stronger US dollar and expectations of higher US interest rates, which eroded demand for non-yielding assets. Comex gold fell to around $3,959 per ounce, extending its decline to a seven-month low, while domestic futures have corrected nearly 20% to around ₹1,39,714 from their record high of ₹1,75,231 per 10 grams in January.
About The Author
