| Gold edged higher above the $4550 per ounce mark on Monday, recovering from earlier losses as markets remained highly volatile amid escalating Middle East tensions, with the conflict entering its fifth week and no clear resolution in sight. MCX June bullion futures also gained nearly 1% to hover around Rs 1,48,250 per 10 grams, mirroring the cautious global sentiment. However, despite ongoing geopolitical risks, gold continues to trade under pressure and remains nearly 20% below its record high of $5626 hit in January. The surge in oil prices has reignited inflation concerns, strengthening expectations that central banks will maintain a tighter policy stance for longer, thereby reducing the appeal of non-yielding assets like bullion. Adding to the downside, a firm US dollar and a slowdown in central bank buying have further weakened demand, keeping gains limited. Powered by Capital Market - Live News |