Gold experienced a notable increase of 2.87%, closing at Rs 155,761, primarily influenced by dip buying as investors reevaluated the Federal Reserve’s policy perspective. Michael Barr indicated that rates should remain unchanged until inflation demonstrates a clear trajectory towards 2%. This perspective stands in contrast to Austan Goolsbee’s comments, which imply that rate cuts could Read More
Gold experienced a significant decline of 2.16%, closing at Rs 151,418, influenced by a robust U.S. dollar and a prevailing cautious sentiment in anticipation of updates regarding U.S.–Iran negotiations and new indications from the Federal Reserve. Comments from Austan Goolsbee of the Chicago Fed indicated that rates might eventually decline, although persistent services inflation continues Read More
