Gold’s extraordinary rally this year has entered a cooling phase. The metal, still up around 54% year-to-date, has just logged its first back-to-back weekly loss since June, marking a near USD 500 top-to-bottom correction from the record high reached in October. The tone during this time has shifted from exuberance to reflection, with traders reassessing how much of the 2025 narrative—rate cuts, fiscal stress, geopolitical hedging, and central bank demand—has already been priced in. Near-term headwinds Post-Diwali pause: India’s festive season typically delivers a burst of jewellery demand followed by a lull. The ... (full story)