Gold Expected May Small Correction to Rs 52,300 This Week

Jewellers margin set to take a hit as gold leasing rates surge

Gold Outlook and Forecast (XAU/USD) for this week is bullish but a strong dollar is a major headwind for the moment. Couple of important speeches will draw attention. On 19 April Fed’s Bullard will discuss the shape of the US economy and monetary policy. On 21 April Fed chair Jerome Powell and EBC head Lagarde will take part in the IMF panel on the Global Economy. Hence, traders may want to wait for a while before taking a decisive call.

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Will Gold Be Able to Move Upwards?

Gold prices have continued to rise at the start of the week after hovering in the $1945 area as covid cases continue to increase in the Shanghai region despite the lockdown announced by the Chinese government.

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