GOLD CLIMBS AMID TARIFF TENSIONS AND FED POLICY MEET
Published on Jan 28, 2025 14:49
Gold futures climbed towards $2750 per ounce on Tuesday as traders anticipated the Federal Reserve`s two-day policy meeting, where rates are likely to remain unchanged. Focus is on Fed Chair Jerome Powell�s speech and the central bank�s response to Trump�s call for rate cuts. Gains were capped by a stronger US dollar, which rebounded near 108, supported by Trump�s tariff threats. MCX February bullion futures rose Rs 272 to Rs 79850 per 10 grams. Investors are also eyeing the Fed�s inflation outlook for hints on future monetary policy moves.
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