US bond yields and strong dollar put renewed pressure on gold
Gold is under selling pressure after the Fed raised rates. Ten-year Treasury yields near 5.25% and a dollar index above 101 outweigh geopolitical support for the metal.
Gold Market
Gold is under selling pressure after the Fed raised rates. Ten-year Treasury yields near 5.25% and a dollar index above 101 outweigh geopolitical support for the metal.
Gold futures on MCX reversed early gains to close ₹914 lower at ₹1,52,180 per 10g as a stronger dollar and hawkish Fed comments pressured prices. Comex gold also declined.
Gold steadied near $4,387 an ounce after President Trump signalled no prolonged Middle East war, easing inflation concerns. A softer dollar and mixed jobs data also supported the metal.
Gold prices rose above Rs 1.58 lakh per 10 grams on the MCX as US Treasury yields fell and the dollar softened after increased liquidity support. Analysts expect continued volatility.