fed rate cuts

Silver prices hit 3-week high on optimism over Fed rate cut, up 6% in July

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Silver prices hit 3-week high on optimism over Fed rate cut, up 6% in July

Silver prices extended their winning streak for the eight consecutive trading session today to hit a 3-week high of ₹92,550 per kilo on the MCX as softer-than-expected US economic data reinforced expectations for Federal Reserve interest rate cuts. Prices have rallied 6% in July so far, on track for the biggest weekly gain since mid-May. … Read more

Gold price today: MCX Gold trades lacklustre; why are gold prices falling? Will it remain under pressure in short term?

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Gold price today: MCX Gold trades lacklustre; why are gold prices falling? Will it remain under pressure in short term?

The minutes showed Fed officials are convinced it would take longer than previously expected to gain confidence that inflation was moving sustainably towards the Fed’s target of 2 per cent. Also Read: US Federal Reserve minutes show officials rally around higher-for-longer rates MCX Gold traded lacklustre in the morning on Friday, May 24, tracking weak … Read more