New Delhi, Nov. 12 -- Gold remains on solid technical footing, with upside targets pegged at USD4,368 and USD 4,600 per ounce, while support levels exist around USD 3,890 to 3,510, according to Emkay Wealth Management.
Recently, gold touched USD 4,368 in October before a modest pullback to just under USD 4,000 by month-end, driven by a 1.4 pc appreciation in the US dollar over the past month.
Analysts at Emkay Wealth Management believe that the longer-term trend for gold remains upward, supported by sustained institutional and central bank demand and a weakening dollar environment over the past year.
The geopolitical issues that have persisted in eastern Europe and West Asia have led investors to seek safety in gold. "The US dollar's 8pc...