“Gold prices have been steadily rising in the past few sessions tracking international gold futures prices. “The rise in the yellow metal has been on account of the fall in US Treasury yields, softer US dollar which pushes up the gold prices. The commentary by the US Fed on rising inflation has also helped gold prices. Gold rates are still down significantly from last year's high of ₹56,200 despite the recent recovery in prices. The Feds will continue to keep front-end rates low, which is going to weaken the dollar and gold is going to do quite well,” Innes added.

Source: Hindustan Times May 26, 2021 09:00 UTC