Gold Slumps to Seven-Week Low Amid Crude Price Surge

Gold prices have hit a seven-week low due to rising crude oil prices, a stronger dollar, and higher US bond yields. The price correction has led some investors to wonder if this is the best time to buy gold.

Ajay Kedia, MD & Director of Kedia Advisory, shares his outlook on the key factors shaping the outlook for gold and silver. According to Kedia, 'the impact of interest rates and geopolitical developments will continue to shape the market.'

The discussion also touches on festive-season demand, physical buying, and the role of central-bank and industrial demand in a diversified portfolio.