Commodities Live: What Is The Connection Between Gold Prices And US Inflation? Know Experts Opinion

Today, Gold has reached close to $ 1,710 per ounce on COMEX. On MCX, the price of Gold was trading marginally higher by Rs 51,600 per 10 grams. Whereas, the price of Silver on MCX declined by Rs 61,400 per kg. If the dollar strengthens, then the pressure on gold prices will remain. In such a situation, if the dollar is stable or weak due to lower inflation, then gold prices will get support. Where will the price of gold go from here, it will completely depend on the US inflation data.