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Gold prices to stay buoyant on Fed cuts, festive buying
['The Hans India']
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In addition, crucial US macroeconomic numbers including housing data, personal consumption expenditures, and consumer sentiment will shape market sentiment, they added.
Mer said gold prices recovered from a mid-week dip and ended the week in the green as focus turned to the US economic calendar, particularly inflation and jobs data.
“Gold prices corrected a little after the event on a rise in the dollar index.
However, the direction of the gold markets remain clear and the momentum is on the higher side,” he said.
In the international market, gold futures settled at $3,705.80 per ounce on Saturday, after scaling an all-time high of $3,744 per ounce on Wednesday.
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