Gold prices stabilise as weak dollar and easing crude oil lift sentiment
Gold prices have begun the week on a stronger note, supported by a combination of favourable macroeconomic factors. A weaker US dollar has provided key support to bullion, while easing crude oil prices have added to the positive momentum. Renewed US-Iran diplomatic efforts have contributed to the decline in crude prices and improved overall risk sentiment. Vedika Narvekar, Research Analyst at Anand Rathi Shares and Stock Brokers, suggests that the worst of the downside for gold may now be behind us.
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