๐ Gold hitting highs, bullish trend continues
Gold is trading near fresh highs around Rs 163,000 after a strong breakout from recent lows. Manav Modi, Senior Analyst at Motilal Oswal, noted this shift confirms renewed bullish momentum in the market. The price action, which rose over 5% last week, is supported by US debt concerns and a weaker dollar. A sustained move above Rs 163,000 could potentially reach Rs 166,000โ168,000 this week. Investors will now watch US Treasury operations and economic data for the next direction.