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Rate Cut Hopes

Gold Soars to New High as Rate-Cut Hopes Drive Demand

MCX Live

Gold prices experienced a modest increase, closing up by 0.15% at Rs 1,38,097, buoyed by anticipations of additional monetary easing from the US Federal Reserve and heightened geopolitical tensions. US economic growth demonstrated resilience in the third quarter, with GDP expanding at an accelerated rate, while labor market indicators persisted in showing a gradual moderation. Read More

Gold Slides as Profit-Taking Hits Amid US Rate Cut Hopes

MCX Live Updates

Gold prices experienced a slight decline, closing down by 0.28 per cent at Rs 134,521, as traders took profits following the recent rally, even in the context of a generally favorable macroeconomic and geopolitical environment. The yellow metal maintains its foundational support due to anticipations of additional U.S. monetary easing and ongoing global uncertainties. Federal Read More

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