Gold Price Analysis: Impact of US Dollar Surge and Debt Ceiling Updates on Gold Market

Gold Price Analysis: Gold prices (सोने की कीमतों) are experiencing losses, reaching a six-week low near $1,950 on Friday morning. This decline is attributed to a temporary pause in the upsurge of the United States Dollar (USD), as the market awaits updates on the US debt ceiling issue and the upcoming speech by US Federal Reserve (Fed) Chair Jerome Powell later in the day.

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Bullion Forecast: Gold Silver May Fall, Before Buy Wait for Deep Correction

Bullion Forecast: Yesterday gold prices came under pressure as after recovering till $1680, it dropped sharply to $1661 on account of a jump in US dollar. The US Dollar jumped as GBP saw sharp drop after Bank of England Governor Andrew Bailey warned fund managers they have until the end of this week to wind up positions as BOE is looking to end its bond buying program.

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