Gold prices firm ahead of Fed decision amid rupee weakness
after close1 source ↓written by the desknot a recommendation
- Exchange MCX gaining
- ₹958
- 0.74%
Gold prices are poised to remain strong as the US Federal Reserve's monetary policy decision approaches. Analysts expect continued support from a weaker rupee, with gold futures on the Multi Commodity Exchange (MCX) gaining ₹958, or 0.74%, last week. Market focus will be on the Fed's FOMC meeting and economic data from China and the US.
Not investment advice. For informational purposes only.