Gold continues to gleam brightly in global markets as a preferred safe-haven asset, underpinned by geopolitical turmoil, a softer US dollar, and steady institutional buying. According to a new report by Emkay Wealth Management, the yellow metal remains on firm technical footing, with potential upside targets pegged at US$4,368 and US$4,600 per ounce, while key support levels are seen near US$3,890 and US$3,510. Advertisement

After rallying to $4,368 in October — its highest in months — gold saw a mild pullback to below $4,000 by the end of the month, partly due to a 1.4% rise in the US dollar. Despite this correction, analysts at Emkay believe the long-term trend remains upward, supported by persistent central bank purchases and robust institutional interest.

“The geopolitical issues th

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