Gold rises as US dollar softens, market awaits Fed minutes
Gold rose nearly 1% on Wednesday, helped by a softer US dollar and a pullback in long-term Treasury yields. Investors await the release of the Federal Reserve's July meeting minutes.
Gold Market
Gold rose nearly 1% on Wednesday, helped by a softer US dollar and a pullback in long-term Treasury yields. Investors await the release of the Federal Reserve's July meeting minutes.
Gold fell on the MCX but rose internationally as Treasury yields eased. Rising oil prices and inflation concerns limit rate cut expectations. Experts view the correction as a buying opportunity.
Gold rose more than 1% on Monday to trade near $4,422, helped by a softer US dollar and lower Treasury yields after last week's inflation data reduced expectations of aggressive Fed action.