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Fall in Gold Prices

Fall in Gold Prices:

Despite the escalation of the West Asian conflict, global and domestic gold prices have witnessed a sharp and anomalous decline. Traditionally, gold acts as a safe-haven asset during geopolitical or financial crises, but current macroeconomic dynamics have forced a deviation from this historical trend.The West Asian conflict has severely disrupted global oil supply chains, pushing crude oil prices significantly higher (crossing USD 120/barrel in recent trends).