INSUBCONTINENT EXCLUSIVE:
Gold futures have surged, breaking a streak of losses following the recent U.S
Rising geopolitical tensions, alongside a weaker dollar and declining Treasury yields, have driven this price rebound.Investors are also
This follows a 4.55% decline last week.The market is closely watching the U.S
decision to allow Ukraine to use long-range missiles in its conflict with Russia
This geopolitical move has added to the uncertainty affecting gold prices.Goldman Sachs has forecasted that gold prices could rise to $3,000
administration and China will sustain demand for gold.However, TD Securities remains cautious, not yet seeing exhaustion in gold sales
They note that recent consolidation levels align with historical patterns following extreme macro fund positions.The investment bank warns
that commodity traders are vulnerable to triggering new sales, with their analysis indicating only modest algorithm-driven sales so far
TD Securities suggests that a drop below $2,550 could trigger large-scale algorithmic selling activity.
