Gold prices stayed flat, trading around USD 3,646 per ounce.
Bullion headed for its fifth straight weekly gain after the Fed cut interest rates by 25 bps.
However, the Fed’s forward guidance appeared less dovish than some had hoped, leading to muted
upside.
Investors are closely awaiting future U.S. policy cues to decide next moves.
Physical demand remains stable in Asia; jewelry demand is seasonally improvin
g.
Inflation expectations and safe-haven flows are supporting gold.
Dollar strength and interest rates remain key headwinds for gold’
s upside.
Short term traders may look for breakout above recent highs; long term buye
rs may find value in flat zones.
Hedging via gold remains popular amid currency volatility.
Overall, gold remains in consolidation mode, waiting for clear directional cues.