🚨 Gold Alert: Bullion Boom Hits Pause! ⚠️
💰 After smashing records, gold prices are facing pressure! Experts now hint that in 🇮🇳 India, rates could dip below ₹1️⃣ lakh/10g soon.
On the MCX, gold futures had soared to historic peaks, driven by global tensions 🌍 and heavy central bank purchases 🏦. But the momentum is slowing.
🌐 Overseas, COMEX gold might slide to $3️⃣,0️⃣0️⃣0/oz by 2027, say market strategists.
🔑 Why the shift?
Reports suggest 🇷🇺 Russia may increase reliance on the US dollar 💵 for trade. If true, this could weaken the de-dollarization trend that fueled gold’s rally.
📊 A stronger dollar, stable US bond yields 📉, and lower “fear premiums” are putting bullion under pressure.
⚡ Gold’s meteoric rise may be pausing. If global currency moves continue and central bank purchases ease, a drop below ₹1 lakh in India is now on the radar! 💥
$XAU
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