Gold prices: “After a slight recovery at the beginning of the week, the price is falling further today. The main obstacle is the sharp rise in US bond yields, which is increasing the opportunity cost of holding gold. Behind this is the reduction in expectations for Fed interest rate cuts in the coming year.”
- Gold and silver prices fall over 1% in Mumbai, Delhi, Chennai, Kolkata: Here are latest prices in other cities
- Silver Rates outlook: Will the precious white metal outshine Silver prices in 2025?
- Gold Rate today: Yellow metal trades flat ahead of US Fed meeting
- Gold prices hit 2-week high, rises to Rs 78,978 per 10 gram ahead of US inflation data
- Ircon International (NSE:IRCON) Share Price Rises 4.7% Today: What’s Driving the Stock to ₹233.05?
“Fed funds futures are now forecasting a total of 50 basis points of interest rate cuts by mid-2025. This already includes the expected interest rate cut of 25 basis points at the Fed meeting tomorrow.”
“It will therefore be important to see what new projections from FOMC members will provide interest rate guidance and what Fed Chairman Powell will comment on in the subsequent press conference. If interest rate cut expectations rise again, the price of gold may rise.”
