Gold prices dip Rs 4,300/10g in 2 days; silver falls Rs 8,800/kg as traders expect US Fed to hike rates again. Buy, sell or hold?
60-Word AI Digest
Gold and silver prices extended losses on MCX as higher oil prices fuelled inflation concerns and raised expectations of further Fed rate hikes. Analysts expect near-term pressure on precious metals, while investors await clarity on US-Iran peace talks.
Key Takeaways
- Gold and silver prices extended losses on MCX as higher oil prices fuelled inflation concerns and raised expectations of further Fed rate hikes.
- Analysts expect near-term pressure on precious metals, while investors await clarity on US-Iran peace talks.
- Full details and original dispatch available below.
Gold and silver prices extended losses on MCX as higher oil prices fuelled inflation concerns and raised expectations of further Fed rate hikes. Analysts expect near-term pressure on precious metals, while investors await clarity on US-Iran peace talks.
Original Publisher Attribution
This summary was curated from Economic Times.