Gold Price Today: Gold gains Rs 1,300/10 gm post Fed rate cut; silver up Rs 1,700/kg
- Posted on September 24, 2024
- By Business News Today
- 2 Views
Gold Price Today: Gold gains Rs 1,300/10 gm post Fed rate cut; silver up Rs 1,700/kg
The Fed's unexpected 50-basis point cut has fueled speculation of further reductions, with markets split between expecting another 50-point or a 25-point cut in November. The likelihood of a 50-point cut has risen sharply, now sitting at 54.8%, up from 13.1% a month ago.
