Branch² Intelligence
Gold edges lower, silver falls over 1%: Here's what's moving bullion
Key takeaway
Gold and silver prices fell over 1% as West Asia tensions and hawkish Fed expectations boosted the US dollar.
- Step 1US Fed hawkish stance and West Asia tensions strengthen the US dollar, pushing COMEX gold/silver down over 1%.
- Step 2A stronger dollar increases the INR cost of gold imports, raising input costs for Indian jewellers and bullion traders.
- Step 3Indian SMEs in gold retail face margin compression and working capital strain; demand may soften as consumers defer purchases.
Source: CNBC TV18 (Markets)
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