Gold’s golden run may be losing some of its shine. After an exceptional two-month bull phase, both gold and silver prices have started to cool, prompting many investors to ask: is this the right time to buy, or should you wait it out?
Gold ended its nine-week winning streak last week, slipping over 3% as investors booked profits ahead of major global events. On Monday, December gold futures traded at around Rs 1,22,635 per 10 grams on the Multi Commodity Exchange (MCX).
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“Comex gold snapped its nine-week winning streak last week, falling over 3% amid profit-taking ahead of the highly anticipated meeting between President Trump and Xi Jinping later this week,” said Deveya Gaglani, Senior Research Analyst - Commodities, Axis Securities.
He added that progress in US–China trade talks has weighed on demand for safe-haven assets, with
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