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Gold Slips for Second Week as Dollar Strength and Fed Caution Weigh
Gold drops for a second week as dollar gain and Fed caution reduce safe-haven demand, while silver holds up better.
Global gold prices fell for the second straight week as a firmer U.S. dollar and signals of caution from the Federal Reserve dented demand for safe-haven assets. In India, December futures on the Gold contract on the MCX dropped around ₹2,219, or 1.8 %, taking the metal’s intra-day low near ₹1,17,628 per 10 g. By contrast, silver exhibited some resilience. Traders say the pull-back may create a buying opportunity if inflation concerns resurface or the dollar weakens.