MetalsPre-market
Gold prices decline as dollar strengthens and Fed signals caution
pre-market1 source ↓written by the desknot a recommendation
- 1.8 to hit
- ₹2,219
- per 10 grams
- ₹1,17,628
Gold prices fell for the second consecutive week, with December futures on the MCX down ₹2,219 (1.8%) to hit an intra-day low of ₹1,17,628 per 10 grams on 28 Oct 2023. This decline follows profit-booking after nine weeks of gains, as a stronger dollar and cautious Fed signals dampened demand for safe-haven assets. Silver, however, edged up slightly during this period.
Not investment advice. For informational purposes only.