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GOLD ADVANCE AS FOCUS SHIFTS FROM GEOPOLITICS TO FED POLICY

Published on Jun 16, 2026 14:45

Gold prices rebounded toward $4,600 per ounce in electronic trading on Tuesday after gaining more than 2% in the previous session. The rally was supported by easing geopolitical tensions following the announcement of a US-Iran interim peace framework, which reduced concerns over energy-driven inflation and improved overall market sentiment. Investor focus has now shifted to the Federal Reserve`s upcoming policy meeting, the first under Chair Kevin Warsh. While interest rates are widely expected to remain unchanged, markets will closely watch the Fed`s commentary for clues on the inflation outlook after recent price data exceeded expectations. A packed week of US economic releases, including retail sales and jobless claims data, is also expected to influence sentiment across bullion markets. Meanwhile, MCX August gold futures edged 0.2% higher to Rs 1,53,230 per 10 grams, tracking gains in the global bullion market.

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