INSUBCONTINENT EXCLUSIVE:
Gold prices maintained stability at $2,916.69 per ounce on Wednesday morning as investors await crucial U.S
inflation figures.The precious metal gained 1% on Tuesday amid growing economic concerns and a weakening dollar, according to market data
Gold has surged 11.15% since January, reaching an all-time high of $2,956.22 in February.Analysts attribute this impressive performance to
mounting fears about economic slowdowns triggered by tariff wars
Consumer Price Index data release scheduled for later today
This report will provide insights into potential Federal Reserve interest rate decisions.Higher inflation might force the Fed to maintain
dollar index has fallen to its lowest level since early November.Gold Holds Steady at $2,916 Ahead of Key U.S
(Photo Internet reproduction)This decline makes gold more affordable for holders of other currencies and supports its price
Technical WeaknessGold futures on the Multi Commodity Exchange opened at ?85,139 per 10 grams today
shown positive momentum in early 2025
January saw impressive inflows totaling $3 billion, primarily driven by European demand
European funds recorded their largest monthly inflow since March 2022, while North American funds posted $500 million in outflows.Technical
indicators suggest the presence of a short-term bearish trend
However, analysts expect an upward rebound with a potential target above $2,975
Support levels remain near $2,895, while resistance sits around $2,935.Meanwhile, attention also turns to a potential ceasefire deal in
Silver prices dipped 0.5% to $32.76 an ounce, while platinum rose 0.4% to $978.60.
