Gold prices fell by approximately 1% on Wednesday, pressured by a stronger U.S. dollar as investors closely monitored key inflation data from the world’s largest economy for indications of the Federal Reserve’s potential interest rate cut in September.
Silver
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MCX Gold Tips Today: All Target Hit, Profit 47,000 Per Lots
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MCX Silver Tips Today: All Target Hit, Profit 37,470 Per Lots
MCX Silver Tips Today: All Target Hit, Profit Rs. 37,470 Per Lots by Neal Bhai
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Sovereign gold bonds: How a well-intentioned Scheme is Emptying the Government Coffers
The sovereign gold bond was conceptualised as an instrument which could kill two birds with one stone. It would partially satisfy Indian investors’ demand for gold, which has to be imported, and help fund the central government’s borrowing needs at a low interest rate.
Gold Nears Record high as Fed lowers Fuel Rate Cut Expectations
Spot Gold hovered near all-time highs on Thursday as minutes from the U.S. Federal Reserve’s latest meeting cemented expectations of a September interest rate cut, with traders now awaiting Chair Jerome Powell’s speech for insights on rate outlook.