Bold leap: Gold rises by Rs 2,000/10 gram as Fed buzz on rate cut, grows. Is it time to sell on shine?
- Posted on May 5, 2025
- By Business News Today
- 3 Views
Bold leap: Gold rises by Rs 2,000/10 gram as Fed buzz on rate cut, grows. Is it time to sell on shine?
Gold prices surged over ₹2,000 per 10 grams on the MCX ahead of the US Fed meeting, driven by rate cut expectations and a weaker dollar index. Bond yields below Fed rates further supported the rally. Analysts expect short-term volatility within ₹93,000–₹96,000, with some calling it a profit-booking opportunity.
