Gold and silver prices today: Yellow metal continues to dip, dollar index trades at six-week highs
Analysts say there is a possibility of gold buying amid worries of further rating downgrades of US banks
Source: businesstoday.in
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Analysts say there is a possibility of gold buying amid worries of further rating downgrades of US banks
Spot gold closed with a loss of 0.53% on Wednesday as the total global gold ETF holdings fell for the twelfth straight day
Analysts say the increase in oil prices after major producing countries extended supply cuts was aiding gold, but the downgrade of China was putting pressure on the metal
Experts say they expect short covering after Thursday's correction
Analysts see positive cues for bullion from the US Fed's refusal to indicate further rate hikes