Gold Prices Rise or Down in September : MCX Gold ended the previous session on a firm note as prices gained close to 1%, advancing by more than 800 points. The move came after Fed Chair Jerome Powell adopted a dovish stance on monetary policy, reinforcing expectations of rate cuts and boosting demand for the yellow metal.
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Gold is likely to remain in demand as a safe haven
“However, as it remains unclear when and in what form an agreement with the Chinese leadership is possible – there have been different statements on this from Trump, US Treasury Secretary Scott Bessent and Beijing – Gold is likely to remain in demand as a safe haven for the time being. In addition, both Fed Governor Christopher Waller and Cleveland Fed President Beth Hammack have fuelled hopes of interest rate cuts with their latest statements.”
Neal Bhai said – Gold and silver will start falling soon. Avoid buying
According to GoldSilverReports.com, Neal Bhai said – Gold and silver will start declining soon. Avoid buying. Big decline expected.
MCX Gold Price Today Outlook (April 17, 2025)
MCX Gold Price Today: As of recent updates, MCX gold prices have been volatile, driven by global economic uncertainties, U.S. dollar movements, and geopolitical tensions.