Branch2 Intelligence
Gold trades near two-week high on cooling US rate-hike bets
Key takeaway
Gold near two-week high as cooling US jobs data reduces Fed rate hike expectations.
- Step 1Cooling US jobs data reduces Fed rate hike expectations.
- Step 2Weaker USD and lower real yields boost gold prices globally.
- Step 3Indian gold miners and jewelers benefit from higher prices; import costs rise for SMEs.
Source: IN:Economic Times
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