U.S. CPI data

Gold declines as expectations for rate cut fades following US CPI data; silver marginally down

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Gold declines as expectations for rate cut fades following US CPI data; silver marginally down

Gold prices dropped in a volatile trading session on Wednesday after data revealed that U.S. consumer prices rebounded as anticipated in July. This dampened expectations for a significant rate cut by the Federal Reserve next month. Spot gold declined by 0.4% to $2,455.91 per ounce by 1338 GMT, while U.S. gold futures fell 0.5% to … Read more

Indian market likely to react to US Fed outcome, to remain volatile, say analysts

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Indian market likely to react to US Fed outcome, to remain volatile, say analysts

The US Federal Reserve is poised to announce its key policy decision later today, with significant anticipation surrounding the central bank’s timing for potential interest rate cuts for the remainder of the year. In today’s decision, there is a near consensus that the Jerome Powell-led FOMC will maintain the interest rates at the target range … Read more