MCX Gold rate today: Gold prices rose for a third day on increased bets of Federal Reserve interest-rate cuts after Treasury Secretary Scott Bessent urged the US central bank to lower borrowing costs.
Commodity Markets
Commodity Surge Fuels Inflation Threat | Gold Silver Reports
Commodity: A surge in energy and metal prices is offering investors a fresh reminder of how the commodities market can fuel inflation and imperil the post-pandemic economic recovery.
Silver Logs Highest Finish Since 2014, Up More Than 80% From 2020’s low
Silver rallied Tuesday to finish at its highest level since 2014, up by more than 80% from the year’s low, benefiting as both a precious and industrial metal as it looks to catch up with gold’s impressive year-to-date performance.
Spot Gold Support at $1,337 per ounce and Next Strong Support @ $1,324 – Gold Silver Reports
Gold Silver Reports (GSR) – Spot gold may break a support at $1,337 per ounce and fall to the next support at $1,324.
Gold Settles with a Loss as Investors look to the Outcome of the Fed’s Meeting
Gold settled with a loss on Monday, giving up earlier modest gains as traders looked ahead to the outcome of the Federal Reserve’s meeting.