INSUBCONTINENT EXCLUSIVE:
Gold markets on February 11, 2025, displayed resilience amid a volatile trading session, closing at $2,932.60 per troy ounce on COMEX, down
a marginal 0.06%.Earlier in the day, prices peaked at $2,945.40 before retreating due to profit-taking and resistance near key levels
tariffs on steel and aluminum imports fueled fears of a global trade war, boosting demand for gold
His controversial comments about U.S
control over Gaza and the denial of Palestinian return rights were provocative.They further heightened geopolitical tensions
Despite these drivers, a strong U.S
dollar limited gains by making gold more expensive for international buyers.Investors also turned their attention to upcoming economic
inflation data.Gold Prices Steady as Geopolitical and Economic Factors Drive Market Dynamics
Globally, gold markets reflected varied trends
Asian trading saw strong demand early in the day, while Indian prices rose to ?87,243 per 10 grams due to currency depreciation.In Pakistan,
gold reached record highs of Rs303,100 per tola
European ETF inflows surged amid political uncertainties in Germany and France, while North American ETFs saw minor outflows as some
investors booked profits.Technical indicators showed gold remains in a bullish trend despite overbought conditions
significance as a hedge against geopolitical and economic risks
The $3,000 mark is within sight if uncertainties persist.
