loader2
NRI

GOLD SLIPS UNDER $2680 AS STRONG DOLLAR, FED FOCUS WEIGH ON BULLION

Published on Nov 11, 2024 14:52

Gold fell below $2680 per ounce in Monday�s electronic trades, pressured by a strong dollar steady near 105 and cautious sentiment ahead of key US inflation data and Federal Reserve speeches, which could signal the Fed�s next steps under the Trump administration. Last week�s 25 bps Fed rate cut hinted at a measured approach to future easing. Meanwhile, Russia�s gold reserves hit an all-time high of $207.7 billion, while China�s October inflation slowed, adding to economic headwinds. On MCX, bullion futures dipped under ₹77,000, trading down by ₹600 per 10 grams.

Powered by Capital Market - Live News