GOLD HEATS UP BEFORE INFLATION TEST, FED CLARITY EYED
Published on May 28, 2025 14:26
Gold glittered around $3315 per ounce in Asia on Wednesday as bargain hunters rushed in, eyeing a golden opportunity after recent weakness. The spotlight now shifts to the Fed�s meeting minutes and Friday�s PCE data, both set to steer the next big move. President Trump dialled back on 50 percent EU tariffs, pushing the deadline to July 9 and calming markets slightly. Still, a stronger dollar�boosted by a sharp rebound in US consumer confidence�kept a lid on gold�s rally. Fed`s Neel Kashkari urged caution, backing steady rates amid inflation uncertainties. On MCX, August gold futures gleamed, jumping ₹500 to touch a high of ₹96625 per 10 grams.
Powered by Capital Market - Live News