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    QONEQT in News

    14-Nov-2022 05:00 AM


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    Gold's Rise Likely To Continue As The Dollar Declines

    Uptick in gold prices may continue as dollar declines Gold prices will likely go up further in the near term as easing US inflation may boost demand for the metal, but a sharp rally is unlikely, market experts have said.
    Gold prices on MCX on Friday rose 0.38 per cent to Rs 52,308 (December delivery).
    The domestic bullion market tracks global prices.
    The dollar has declined in anticipation of less aggressive rate hikes by the Federal Reserve, given cooler inflation numbers.
    It also beat the expectation of a 0.5 per cent increase.
    Besides, a firm local market demand from top gold consumers China and India continue to offer support to the metal,” he added.
    Source: NDTV
    #Gold