Gold prices commenced significantly elevated on the MCX on Tuesday, as investors anticipated US inflation data for new insights regarding the Federal Reserve’s trajectory on interest rates. The recent rally persists in the face of concerns regarding the conflict in the Middle East, while prospects for the reopening of Hormuz appear bleak. In the domestic Read More
Gold prices concluded the trading session with an increase of 1.59%, reaching Rs 152132. This uptick was bolstered by diminishing inflation worries, as indications of potential diplomatic advancements between the U.S. and Iran exerted downward pressure on both the dollar and crude oil prices. U.S. President Donald Trump suggested that a potential agreement with Iran Read More
Gold prices experienced a significant increase, closing at Rs 1,65,915, reflecting a rise of 5.21%. This movement can be attributed to a declining U.S. dollar and an escalation in geopolitical and policy uncertainties, which in turn enhanced demand for safe-haven assets. The dollar declined to a four-year low following indications from U.S. President Donald Trump Read More
