Gold to Attract Investors When Falls Below $1,250, StanChart Says

The video discusses the expected market dynamics for gold in Q2, highlighting key price levels such as 1280 and 1250. It examines the inverse correlation between the dollar and gold, noting its weakening since 2016. Despite geopolitical tensions, there has been limited safe haven buying in gold, with more localized buying observed. The market is closely tracking the dollar, impacting gold's performance.

What is the significance of the price level of ₹30,000 per 10 grams in the context of gold?

What factors have contributed to the localized buying of gold rather than broad-based demand?