Gold price outlook: MCX gold slips for the week as US Fed rate hike bets rise; what’s next for the yellow metal?
60-Word AI Digest
MCX gold prices declined, losing ₹3,351 per 10 grams as traders reacted to higher US Treasury yields and Fed signals. September's gains turned into losses due to concerns over inflation and interest rate hikes, with October delivery gold closing at ₹1,51,000.
Key Takeaways
- MCX gold prices declined, losing ₹3,351 per 10 grams as traders reacted to higher US Treasury yields and Fed signals.
- September's gains turned into losses due to concerns over inflation and interest rate hikes, with October delivery gold closing at ₹1,51,000.
- Full details and original dispatch available below.
MCX gold prices declined, losing ₹3,351 per 10 grams as traders reacted to higher US Treasury yields and Fed signals. September's gains turned into losses due to concerns over inflation and interest rate hikes, with October delivery gold closing at ₹1,51,000.
Original Publisher Attribution
This summary was curated from Livemint.