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Market move● Neutral for Indian equities
Gold Edges Higher; Prices Could Remain Under Pressure Near Term
The brief
- Gold edged higher, but OCBC said sentiment was sluggish and gains hard to sustain
- OCBC said prices could remain under pressure near term
- Gold-price pressure may weigh on Indian jewellery and gold-loan businesses
- Gold, silver prices today: What is driving bullion after Monday’s sharp sell-off
- Gold rates show mixed moves across Indian cities on September 29
- Gold rises but strong Fed hike bets keep it near seven week-low
- Gold's lustre dims as Treasury yields surge, markets bet on higher Fed rates
- Gold falls 2.4%, silver 3.5% on MCX: What is driving the sell-off