Gold slips and heads for second consecutive weekly fall

The macro environment, particularly global interest rate expectations and geopolitical tensions (Iran conflict), is directly influencing commodity prices like gold. This impacts investor sentiment and capital allocation decisions in the Indian market, especially for safe-haven assets.

• •Gold prices are heading for a second weekly dip.
• •The decline is influenced by a robust dollar and inflation concerns from the Iran conflict.
• •These factors are dampening hopes for imminent interest rate cuts by the Federal Reserve.
• •Higher interest rates make holding non-yielding gold less attractive.
• •Risk flag: Escalation of Iran conflict could reverse gold's trend as a safe haven.