Gold price jumps as US CPI data fuels US Fed rate cut buzz. Will it climb to a new peak as silver price hits new high?

Gold price jumps as US CPI data fuels US Fed rate cut buzz. Will it climb to a new peak as silver price hits new high?

Gold rate today: Following the US Fed rate cut buzz after the US CPI data meeting the market estimates, gold price today opened upside in the early morning session. Extending the rally for yet another session, gold futures contract on the Multi Commodity Exchange (MCX) for June 2024 expiry opened upside at ₹73,128 per 10 … Read more

Gold rate today: Yellow metal prices steady amid geopolitical risks; higher US Treasury yields weigh

Gold rate today: Yellow metal prices steady amid geopolitical risks; higher US Treasury yields weigh

Gold prices were steady on Wednesday led by safe-haven demand amid the Middle East conflict partially offseting pressure from higher US Treasury yields. Spot gold price was at $2,383.29 per ounce, while US gold futures fell 0.3% to $2,399.60 per ounce. Spot silver rose 0.3% to $28.17 per ounce. MCX gold rate ended marginally lower … Read more