INSUBCONTINENT EXCLUSIVE:
Gold prices fell sharply on Friday, February 14, 2025, as traders booked profits following a week of record highs
By Saturday morning, February 15, gold futures were trading at $2,893.7 per ounce, marking a 1.75% decline from the previous day
This drop came after the metal briefly touched $2,964.1 earlier in the week, its highest level ever.The sell-off was driven by mixed
economic signals and profit-taking ahead of the weekend
retail sales data for January revealed a steep 0.9% decline, far worse than the expected 0.1% contraction
dollar and Treasury yields but also prompted speculation about Federal Reserve rate cuts later this year
While lower yields typically support gold, traders took the opportunity to cash out after a prolonged rally.Globally, gold markets reflected
In India, 24-carat gold traded at ?87,170 per 10 grams on Saturday morning, holding steady despite international volatility
Pakistan reported prices at Rs
$2,900 as Traders Cash In on Record Highs
(Photo Internet reproduction)Central banks remain a key pillar of support for gold prices, with purchases exceeding 1,000 tons annually for
Reports of progress in peace talks over the Ukraine conflict reduced safe-haven demand for bullion.Gold Prices Tumble Below $2,900 as
Traders Cash In on Record HighsETF flows highlighted the cautious sentiment among institutional investors
Gold ETFs recorded moderate outflows on Friday as traders adjusted their portfolios amid heightened uncertainty
further consolidation could occur before another upward move
The Relative Strength Index (RSI) exited overbought territory this week, signaling a potential pause in the rally.Despite recent volatility,
However, traders will closely watch upcoming U.S
