Gold Futures Decline as Strong US Dollar and Rate Cut Uncertainty Weigh on Prices
Gold prices began the week under pressure as futures declined sharply in domestic commodity markets. The price of gold futures dropped by Rs.2,225, or 1.4%, settling near Rs.1.56 lakh per 10 grams in early trading. The decline was primarily driven by bearish sentiment in global markets, a strengthening US dollar, and rising energy prices that have intensified speculation that the US Federal Reserve may delay interest rate cuts.
Tags