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Gold rebounds to $2750 amid geopolitical tensions As on : 24-Oct-24  14:56

Gold prices bounced back above $2750 per ounce in Asia electronic trades on Thursday after correcting from the fresh highs of $2772 yesterday The decline of over 1% was driven by a stronger US dollar, which rallied to 104.2, and rising Treasury yields. The dollar's strength reflects expectations that the Federal Reserve will remain cautious in further monetary easing, keeping gold's gains in check. However, ongoing geopolitical tensions in the Middle East, along with uncertainties surrounding the US presidential election, continue to support gold's safe-haven appeal, preventing deeper losses. Domestic bullion futures were just a shy away from Rs 79000 per 10 grams mark yesterday and were seen trading up by Rs 558 per 10 grams.

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