News  Sources

Gold prices record all-time high amid global tensions and Fed rate cut speculation - Times of India

Gold prices reached an all-time high in India, with the Multi Commodity Exchange recording a new high of Rs 76,899 per 10 grams. The surge can be attributed to factors such as dovish central bank stances, lower bond yields, and escalating geopolitical tensions. Analysts predict that the Federal Reserve will cut rates in its remaining decisions this year. Gold prices also hit record highs globally, driven by uncertainty surrounding the US presidential election and the conflict in the Middle East. The accommodative monetary policy environment further contributed to the elevated prices.

Original article source: https://timesofindia.indiatimes.com/business/india-business/gold-prices-record-all-time-high-amid-global-tensions-and-fed-rate-cut-speculation/articleshow/114316328.cms
Source Id: 8368335374

share this article:  

Our mission is to provide you with up-to-date, concise news from multiple sources in one place, keeping you informed about Israel.
 
Hit 'Subscribe' to get the latest curated news about Israel delivered daily to your inbox