Commodities Outlook: Rate Hikes, Strong Dollar & Oil At $97 Could Trigger A Major Market Shift

Gold’s physical market is showing a shift in demand patterns, with domestic jewellery demand taking a back seat while investment demand remains strong. Kunal Shah, Head of Commodity Research, Nirmal Bang, explains that while jewellery demand may stay subdued, the investment side of gold continues to see strong interest. Gold ETFs are showing encouraging signals, highlighting growing investor participation despite softer physical demand. This divergence between jewellery consumption and financial investment could remain important for gold prices going forward. With investment demand continuing to strengthen, gold’s broader bullish outlook remains supported by changing investor preferences and sustained interest in the precious metal.