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Labrish
Nyuuz
MCX gold dips, silver whipsaws as Fed jitters rattle traders
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[QUOTE="Munyaradzi Mafaro, post: 60560, member: 636"] Thursday's trading session witnessed MCX gold futures declining by Rs 122 to Rs 1,13,525 per 10 grams for December expiry. Silver prices initially dropped by Rs 1,000 per kilogram before recovering to Rs 1,34,415. International spot gold held steady near $3,734 per ounce while US futures traded around $3,765. The dollar index weakened by 0.1 percent during morning sessions. Central bank purchasing and exchange-traded fund inflows continue supporting precious metal markets. Federal Reserve leadership comments regarding inflation and interest rate policies may limit price advances. Geopolitical developments between NATO and Russia enhance safe-haven appeal for bullion investments. Market participants monitor upcoming US economic indicators for monetary policy direction. [/QUOTE]
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Labrish
Nyuuz
MCX gold dips, silver whipsaws as Fed jitters rattle traders
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