The yellow metal gained 2.2 per cent last week and has recovered about 5 per cent from the March 2021 lows set just a week ago. The Bloomberg commodity index gained 4.6 per cent last week reflecting general strength across commodities.
Benchmark BSE Sensex dropped 72 points as IT shares retreated. Swiggy fell 1.2%, RVNL gained 0.8%, and TVS Motor declined 1.5%. Analyst Viral Chheda advises
The widening yield spreads between corporate bonds and U.S. Treasuries signal growing investor concerns over a potential recession and a global trade war.
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