The Economic Times

Commodity Radar: Despite gold's Rs 55,000 fall from peak, only limited upside and not a breakaway rally seen: Here's why

Gold prices saw a relief rally on Monday, gaining Rs 2,000 per 10 gram after a massive 27% correction from lifetime highs. While geopolitical tensions offer support, rising crude prices and delayed US Fed rate cuts suggest only a limited recovery rather than a fresh breakaway rally for the metal.