neutral
Recently
Gold price sees uptick despite weak demand in India and China
Gold prices rose modestly amid weak demand from India and China but supported by global growth concerns and possible U.
Precious-metal prices edged higher on 10 November even though physical demand in India and China remained subdued. Analysts pointed to a weakened U.S. consumer-sentiment backdrop and global growth concerns as triggers. Gold futures rose around 0.4% this week, while silver gained about 0.5%. Some traders cited expectations of further monetary easing in the U.S. as supportive.
The lack of strong jewellery demand in Asia balanced by safe-haven buying created a mixed backdrop for prices in local and global markets.