Gold Prices Soar Amid US-Iran Tensions: Experts Predict Further Rally
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News18•12-01-2026, 09:37
Gold Prices Soar Amid US-Iran Tensions: Experts Predict Further Rally
- •Escalating US-Iran tensions and anti-government protests in Iran are driving increased demand for gold as a safe-haven asset.
- •Market experts anticipate a strong opening for gold prices on Monday, with potential for significant gains in both international and domestic markets.
- •COMEX gold prices could reach $4,550 per ounce, and MCX gold prices are projected to hit ₹1,42,000 per 10 grams, potentially even ₹1,45,000.
- •Technical analysis shows strong support for MCX gold between ₹1,35,000 and ₹1,37,000, with resistance at ₹1,40,000-₹1,42,000.
- •Investors are advised to use a 'buy-on-dips' strategy but to trade with clear targets and stop-losses due to potential volatility.
Why It Matters: Geopolitical tensions are fueling a gold rally, with experts forecasting significant price increases and advising cautious investment.
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