Gold prices are anticipated to increase ahead of Diwali due to heightened geopolitical uncertainties, deviating from the usual correlation with a weaker dollar. Despite a strong dollar scenario, gold’s safe-haven status has become significant amid conflicts in the Middle East and rising US treasury bond yields. Mumbai-based Emkay Wealth Management notes that investors are turning to gold amid geopolitical uncertainties, supporting its upward price trend. Gold prices, currently supported at $1,880 and $1,860 levels, are expected to reach $1,990 and $2,030. The consistent rise in gold rates is attributed to the Middle East conflict, contrasting with previous trends influenced by inflation and monetary policy.