Gold prices hit fresh high! Key factors behind the rally; technicals suggest resistance at THIS level
3 Articles
3 Articles
Gold prices hit fresh high! Key factors behind the rally; technicals suggest resistance at THIS level
Gold prices in India and globally hit record highs due to geopolitical tensions, stagflation fears, and a weakening US dollar. Investors flocked to gold as a safe-haven asset amidst trade conflicts and central banks diversifying reserves, pushing prices to ₹97,310 per 10 grams domestically.
How gold serves as a market messenger for other commodities
With gold hitting record highs again this past week, the ripple effects are already being felt across the commodity landscape — including grains. In today’s interconnected markets, the price of gold can quietly shape the outlook for crops like corn, soybeans and wheat. When gold prices rise, it often signals inflation, a shift in the value of the U.S. dollar or global uncertainty — all of which can influence grain futures. These ripple effects c…
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