Global gold demand rose as ETF inflows surged and bar and coin buying accelerated, shifting consumption away from jewellery. Higher prices discouraged discretionary purchases, while investment demand strengthened worldwide and in India amid geopolitical uncertainty, diversification needs, and ongoing central bank gold accumulation.
European markets stayed largely flat as investors geared up for pivotal central bank meetings. Oil prices edged higher, mirroring frustration over stalled US-Iran diplomacy. Losses in technology and consumer staples weighed on the pan-European index, while Germany’s DAX and Spain’s IBEX 35 managed small gains ahead of rate decisions.
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