loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

GOLD TRADES NEAR $4,050; MARKETS AWAIT FED`S NEXT MOVE

Published on Jul 29, 2026 14:56

Gold futures remained subdued below the $4,050-an-ounce mark on Wednesday, extending the previous session`s consolidation as rebounding crude oil prices rekindled inflation concerns and kept investors cautious ahead of the Federal Reserve`s policy decision. Renewed geopolitical tensions in the Middle East also lent support to a risk-sensitive market backdrop. Meanwhile, the U.S. dollar index held steady near 101.1, with markets widely expecting the Fed to keep interest rates unchanged, although lingering expectations of a possible rate hike continued to underscore policy uncertainty. Reflecting the muted global trend, MCX August gold futures traded largely unchanged at around ₹1,41,650 per 10 grams.

Powered by Capital Market - Live News