The bank attributes the bullish revision to stronger-than-expected central bank demand and mounting recession risks, which have contributed to a surge in gold-backed ETF inflows.
The consecutive falls that resigned Nifty to a close below lower bollinger band on Friday raises the prospects of a mean reversion move. Further, 20-week
Brent crude futures dropped $4.89, or 5.05%, to $91.89, after briefly falling below the key $90 support level earlier in the session. US West Texas
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