Gold prices have softened in recent sessions as investors moved funds toward equities following the sharp rally in stock markets. A stronger dollar and reduced panic sentiment have also contributed to the decline.
Despite the fall, gold continues to be seen as a long-term hedge against inflation and geopolitical risks. Short-term price movements are currently influenced more by currency strength and interest rate expectations.
Analysts suggest that gold may remain range-bound in the near term, with investors balancing between risk assets like equities and safe-haven assets like gold.
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