Gold Slumps to Seven-Week Low Amid Rising Crude Oil Prices

Gold prices have declined to a seven-week low due to rising crude oil prices, a stronger dollar, and higher US bond yields. This has led to heightened volatility in the precious metal market.

Ajay Kedia, MD & Director of Kedia Advisory, shared his outlook on gold and silver during an interview. He discussed key support and resistance levels, as well as the impact of interest rates and geopolitical developments on the market.

The discussion also touched on festive-season demand, physical buying, and the role of central-bank and industrial demand in the broader precious metals market.