Gold prices in consolidation phase, upward trend ahead: Report
NEW DELHI: The gold prices in international markets are in a consolidation phase, and such consolidation prepares a fertile surface for the yellow metal to move in an upward trend, a report said on Friday.
NEW DELHI: The gold prices in international markets are in a consolidation phase, and such consolidation prepares a fertile surface for the yellow metal to move in an upward trend, a report said on Friday.
The market is currently focusing on two factors for the movement- direction of the US interest rate and anticipated decline in the US Dollar against other major currencies, said Emkay Wealth Management in its latest Navigator report.
Amid unclarity over the likely impact of the tariffs on the US retail prices, with the Fed on hold, one of the major triggers for gold price movement is missing.
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