Markets▼ Negative
Gold prices near Rs 1.47 lakh/10 grams, silver falls by Rs 1,144/kg as traders await Fed rate signals. What lies ahead?
Indian markets moved higher.
· Economic Times Markets
Gold prices edged lower while silver fell on MCX as investors awaited the US Federal Reserve’s upcoming policy decision for clues on interest rates. Traders expect rates to remain unchanged in October, with a possible hike in December. Analysts say dollar strength may cap gold’s upside, while central bank buying supports longer-term prices.
Market context
- The immediate tone of coverage reads negative.