Gold's fall continues on sixth day ahead of Fed meet, US inflation data

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Even after the losses, gold prices are set for an over 25 per cent rise this year after prices hit a record peak of $2,685.42 on Sept.

Non-yielding bullion is considered a safe investment and thrives in a low interest rate environment.

However, considering the geopolitical situation and market uncertainties, we might continue to see range-bound trading with limited downside rallies," said Vawda.

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Article Details

Category: BusinessFinance

Markets: IndiaChina

Topics: US inflation data US inflation US gold prices US Fed meet US Fed

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 16:26:33 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22967810

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Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

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