Gold Hits All-Time High As Fed Maintains 2024 Rate-Cut Position
Gold prices increased slightly yesterday, ending at 65,750 rupees per ounce. Traders were waiting impatiently for the U.S. Federal Reserve’s monetary policy announcement and Fed Chair comments, hoping to gain some insight into the possibility of rate reduction. The Federal Reserve kept interest rates in the predicted range of 5.25% to 5.5%, but it also…