Gold Holds Firm Amid Rising Interest Rates

Global central banks are signaling higher interest rates amid persistent inflation, but gold has shown resilience in recent times. According to Vandana Bharti, Head - Commodity Research at SMC Global Securities, central bank buying, geopolitical tensions, and rising debt levels have supported the price of gold despite interest rate hikes.

Historically, gold has performed well during periods of rising interest rates, with some analysts attributing this to its traditional safe-haven status. The fourth quarter may bring further support for gold prices from traditional festive buying across India, China, and Europe.