This week, gold headed for its first weekly gain in three, as reported by Bloomberg. Jewelers feared hesitancy among buyers during the festival season after bullion prices jumped due to the Israel-Hamas War in early October.
Gold jewelers made brisk sales in India on the Diwali weekend with consumers' interest riding on a recent drop in prices. The best performing precious metal for the week was palladium, up 8.50%, likely on the prospects of interest rate cuts that could spur industrial growth and stronger auto demand.
