Commodity Radar: As gold holds near Rs 1.5 lakh support, NFP data to decide next breakout. Buy-on-dips strategy emerges
Gold prices are consolidating near key support levels around Rs 1.5 lakh after a brief correction, with analysts recommending a buy-on-dips strategy. Market direction hinges on upcoming US Nonfarm Payrolls data, which could influence dollar strength and interest rate expectations, thereby determining gold’s next breakout or continued range-bound movement.
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