Commodities & currencyMint
COMEX gold slips below $4,000 amid Fed rate hike buzz
Neutral0
GreyOak summary
COMEX gold prices fell below $4,000 per ounce and silver dropped to $51.16 amid US inflation fears and a strong dollar. Indian MCX rates opened lower, with experts predicting gold could soon touch ₹1.25 lakh per 10 grams. Analysts note potential further declines if key support levels break.
What it affects
- GoldNeutral 0
COMEX gold slipped below $4,000/ounce.Rolling sentiment Neutral -2
US Fed policyNegative 0Rate hike buzz due to inflation fears.Rolling sentiment Negative -25
