Commodities & currencyBusiness Standard
Gold, silver fall as expectations of December rate hike strengthen
Neutral0
GreyOak summary
Gold and silver prices fell on Thursday due to higher-than-expected US inflation, which strengthened expectations of a Federal Reserve rate hike in December. This boosted the dollar and US Treasury yields, reducing the attractiveness of non-interest-bearing assets. MCX gold futures traded near ₹1,38,993 per 10 gram, while silver futures were near ₹1,82,632 per kg.
What it affects
- GoldNeutral 0
Gold futures fell to near 1,38,993 per 10g.Rolling sentiment Neutral -2
- SilverNeutral 0
Silver futures slipped to near 1,82,632 per kg.Rolling sentiment Neutral 0
