Gold prices rose in India on Thursday, according to data compiled by FXStreet.
Gold (XAU/USD) price pressures on the downside on Wednesday, yet it has reclaimed the $4,100 mark as US Treasury yields erased some of its earlier gains and turned negative.
Societe Generale strategists note that Gold has extended its pullback after failing to hold above the 200-day moving average near $4,510–$4,540. Prices are drifting toward an interim projection around $4,095, with a break of this level seen opening downside toward $4,000 and the June/July troughs at $3,960–$3,940, which mark the lower boundary of a critical multi-month support range.