Gold and Silver Prices Flatline, Heading for Worst Weekly Drop in a Month
Gold and silver prices experienced fluctuations with gold opening at Rs 60,233 and silver at Rs 70,998 on the MCX. Despite recovery, gold and silver are on track for their worst week due to a strong U.S. dollar and Treasury yields. Hawkish remarks by the Federal Reserve Chair, Jerome Powell, impacted bullion markets. Geopolitical tensions and key economic data are influencing market sentiment. Analysts recommend traders watch support and resistance levels closely and consider profit booking.