💨 Abstract

Gold prices have dropped around 6% since Diwali, due to a stronger dollar and higher-than-expected US inflation data. This has raised concerns about a potential shift in the Federal Reserve's monetary policy. The drop in prices makes gold less attractive as a safe-haven asset, but experts see it as an opportunity for buyers, particularly during India's wedding season. The ongoing correction comes after a prolonged rally earlier this year.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖