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Better-than-expected economic data from the US is boosting bets that interest rates would stay high for longer, lifting dollar and bond yields
Analysts say the dollar index has also seen a correction and that signals support for gold
Analysts say that the bullion charts indicate that there could be a short-covering rally
Analysts say this also because fund houses and central banks are shifting focus from the dollar to gold after the war in the Middle East
Analysts expect RBI to keep interest rate policy and stance unchanged at policy meeting