Posts
Gold remained range-bound as dollar index weakness provided support, while the Federal Reserve’s stance of no immediate rate cuts weighed on sentiment. Despite this, the broader trend for gold continues to lean positive due to ongoing geopolitical and economic uncertainties. However, rupee appreciation has limited upside in domestic gold prices, creating a subdued tone. The immediate focus for market participants is on the upcoming US Core PCE Price Index, a key inflation gauge that could influence Fed policy.MCX Gold is expected to trade within a range of ₹95,500 to ₹98,500 in the near term.
Gold remained range-bound as dollar index weakness provided support, while the Federal Reserve’s stance of no immediate rate cuts weighed on sentiment. Despite this, the broader trend for gold continues to lean positive due to ongoing geopolitical and economic uncertainties. However, rupee appreciation has limited upside in domestic gold prices, creating a subdued tone. The immediate focus for market participants is on the upcoming US Core PCE Price Index, a key inflation gauge that could influence Fed policy.MCX Gold is expected to trade within a range of ₹95,500 to ₹98,500 in the near term.
Posted by
Able
on
- Get link
- X
- Other Apps