NEW DELHI, Nov 9: Gold prices are expected to remain in a corrective phase in the coming week ahead of the crucial US inflation data, continuing uncertainties over trade tariffs and key economic numbers from China, analysts said. Traders will also closely watch comments from US Federal Reserve officials for clarity on the monetary policy outlook, which is likely to steer the near-term direction for bullion prices, they added. “Gold prices are expected to see some consolidation or more correction as focus will be on the inflation numbers, US Supreme Court hearing on tariffs, speeches from Fed officials, and Chinese data,” Pranav Mer, Vice President, EBG – Commodity & Currency Research, JM Financial Services Ltd, said. He said that although gold prices ended the week slightly lower,
Gold to remain in corrective phase ahead of crucial US, China macrodata: Analysts
Daily Excelsior4 hrs ago
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