Branch2 Intelligence
Gold, silver rates jump up to 2% on MCX as US Fed rate hike bets ease; experts highlight key levels to watch
Key takeaway
Gold and silver futures on MCX rose up to 2% as US Fed rate hike bets eased.
- Step 11st-order: US Fed rate hike bets ease, lowering US real yields and weakening the USD.
- Step 22nd-order: Precious metals rally globally; gold and silver futures on MCX rise up to 2%.
- Step 33rd-order: Indian gold demand may soften if prices stay high, but MCX benefits from higher trading volumes.
Source: IN:Mint
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