Gold prices weakened, down ₹160 at ₹71,275, with resistance at ₹71,500. In Comex, $2310 remains a strong resistance. The possibility of sustained higher interest rates is weighing on gold. Strong Nonfarm Payroll data boosted the dollar index to 105, further pressuring gold prices. Additionally, profit booking and concerns over China potentially halting gold purchases are contributing to the current weakness in gold.

 


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