Gold prices fell 0.2% to ₹96,704 per 10 grams after weaker-than-expected US inflation data. Core inflation was 2.8% in May, while headline inflation was 2.4%, lower than the expected 2.5%. This led many traders to book profits. However, the low inflation has increased expectations that the US Federal Reserve may cut interest rates in early…
Gold prices fell 0.61% to 95,875 as strong US economic data reduced the likelihood of an immediate interest rate cut by the Federal Reserve. April data showed that personal income in the US rose more than expected and spending and inflation were in line with forecasts. This reduced the attractiveness of non-interest-bearing gold and increased…
Gold prices closed down 0.5% at ₹95,937 as investors felt less need to buy gold for safety. The decline came after the president delayed the planned 50% tax on European imports. The tax, which was supposed to start on June 1, has now been pushed back to July 9. The US President also warned Apple…
