Festive Season Boost
The anticipation surrounding the festive season is a major factor driving the rally. As the wedding season and Diwali approach, demand for gold and silver
traditionally increases in India, creating a positive environment. This seasonal boost is adding extra glitter to the market right now.
Rate Cut Hopes
Hopes of a Federal Reserve rate cut are further fueling the rally. Investors are optimistic that lower interest rates will make gold and silver more attractive as investment options. This anticipation is increasing the demand and contributing to the price increase, attracting investors.
Global Flow Impact
Global financial flows are also supporting the rally in the bullion market. Increased investment in ETFs across the board shows the positive sentiment from global investors. These flows are reinforcing the positive trend for gold and silver prices, adding another layer to their current surge.
Industrial Demand Matters
Industrial demand for silver specifically is adding to the positive momentum. The use of silver in various industries, combined with its position as a safe-haven asset, is creating a strong base for price appreciation. The combination makes for a favorable market scenario.
