gold rate outlook

Gold Prices Today | Yellow metal glitters on US Fed rate cut momentum: MCX above ₹75K, bullion up 29% YTD

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Gold Prices Today | Yellow metal glitters on US Fed rate cut momentum: MCX above ₹75K, bullion up 29% YTD

Gold prices soared to fresh record highs on Wednesday, September 25, as expectations for another big rate cut by the US Federal Reserve bolstered bullion’s bull rally, and a softer US dollar added to the metal’s appeal. Comments from US Fed chair Jerome Powell and US inflation data due later this week have come into … Read more

Gold declines as dollar, yields strengthen following US retail sales data

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Gold declines as dollar, yields strengthen following US retail sales data

Gold prices declined as the dollar strengthened and Treasury yields rose, driven by an unexpected increase in U.S. retail sales in March, on Monday. This development raised concerns that the Federal Reserve might postpone interest rate cuts for the year. Spot gold saw a 0.5 per cent decrease, reaching $2,332.97 per ounce as of 10:18 … Read more