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Asia

Gold rallies to 3-month high on weaker dollar, bullish technicals

Markets-Economic Times · 1h ago · 🇮🇳 India

Gold rallies to 3-month high on weaker dollar, bullish technicals

Gold prices soared to a three-month high on Friday, marking its third consecutive weekly increase. This rally was driven by a softer U.S. dollar influenced by Treasury buyback strategies. Analysts identify the surge as a bullish signal after a notable break above significant moving averages. Investors are increasingly attracted to gold and related exchange-traded funds, while other precious metals such as silver and platinum also saw substantial gains.

Read the full story at Markets-Economic Times →

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