Economy
Gold Prices Crash Amid Strong US Dollar and Rising Oil
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THE BRIEF
1
Gold prices experienced a sharp weekly sell-off, with MCX futures falling around 3.50% and retail gold in Chennai dropping 3.85% by ₹5,560 per 10 grams.
2
Rising crude oil prices, a stronger US dollar, and elevated Treasury yields weighed heavily on bullion, pushing global prices to a three-month low.
3
Analysts noted that cross-asset deleveraging from US equity corrections amplified the decline as investors sold liquid holdings to meet margin calls.