Gold prices rebounded Friday on technical buying but face headwinds. Spot gold climbed 1.5% to $4,717 while futures gained 2.4%, yet the metal remains on track for a third consecutive weekly loss. A strong U.S. dollar, up over 2% this month, and the Federal Reserve's hawkish stance continue weighing on sentiment. Despite geopolitical tensions and oil prices above $105, elevated interest rates and limited rate-cut expectations cap gold's upside. MCX silver trades in the ₹2,38,000–₹2,40,000 range with resistance at ₹2,43,000–₹2,46,000. Analysts maintain a cautious bias amid persistent global uncertainty and inflation risks that keep the broader precious metals trend under pressure in the near term.
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