Gold prices rose one per cent on Friday, July 26, supported by lower US Treasury yields amid growing optimism for an interest rate cut by the US Federal Reserve in September after official data showed US prices rose modestly in June. Spot gold was up about one per cent to […]
Gold outlook
The minutes showed Fed officials are convinced it would take longer than previously expected to gain confidence that inflation was moving sustainably towards the Fed’s target of 2 per cent. Also Read: US Federal Reserve minutes show officials rally around higher-for-longer rates MCX Gold traded lacklustre in the morning on […]
Gold will be able to sustain at higher levels only if the US Federal Reserve cuts rates and the US dollar starts declining against currency majors, said brokerage house Emkay in a recent note. “Gold prices moved up from the $2,050 base, where it was hovering around for a long […]