Gold prices are currently under pressure as the US Federal Reserve continues to take a strict (hawkish) stance on interest rates. Recent comments from Fed Chair Jerome Powell suggest that inflation control is still the top priority, and this could impact gold prices in the short term.
gold trading strategy
Gold Fever: Unmasking Winning Strategies Before the Fed Big Decision!
Gold Fever: Gold held near record highs ahead of the Fed policy outcome, with traders eyeing a widely expected 25 bps rate cut. Analysts suggest buying on dips, with support at Rs 1,09,800 on MCX, and see potential for fresh highs if Powell signals further easing.