Gold price prediction today: Should you chase rally or buy gold on dips?

AI Summary

Gold prices are expected to remain somewhat insensitive to rising oil prices unless there is a sharp surge. The volatile Middle East situation limits gains, making buying the dips a preferable strategy over chasing rallies in the gold market.

Gold prices may not be that much sensitive to higher oil prices as has been the case in the last few months unless oil surges sharply higher. However, as the Middle East situation remains volatile, gains in gold could be limited unless oil falls. Buying the dips is preferred over chasing the rally.