Rising inflation to lend support

Mr.Nirpendra Yadav, Senior Research Analyst, Swastika Investmart, shares his opinion on the commodity markets, commodities stocks, and prices of Gold and Silver in moneycontrol publications.According to his view, '"Strong US dollar index and rising bond yields have capped the gains of precious metals. On the geopolitical issue, Russia-Ukraine talks have made little progress amid prevailing uncertainty. The trend in precious metals may remain range-bound as rising inflation supports gold prices. On the other hand, high expectations of a rate hike from the US fed and unexpected hawkish decision of the European Central Bank to wind down monetary stimulus may put pressure on precious metals at higher levels. Gold prices are likely to be in the range of Rs 53,000-52,000".Read here to know the details:

https://www.moneycontrol.com/news/business/commodities/gold-prices-today-yellow-metal-to-remain-range-bound-ahead-of-fomc-meet-rising-inflation-to-lend-support-8228261.html