Spot gold was down 0.28 per cent at $2,048.63 per ounce by 9.23 am UAE time
Spot gold was down 0.28 per cent at $2,048.63 per ounce by 9.23 am UAE time
Some inflow of foreign funds supported the Indian currency which was weighed down due to volatile crude oil prices, forex traders say
However, analyst believes that upward trend may be limited as Fed may not start lowering interest rates early this year as expected
The currency is supported by bullish domestic equities
The energy sector has slumped nearly 3% since late October
Precious metals will see renewed demand amid the outlook for a lower Fed Funds Rate and lower real yields
Spot gold was down 0.10% at $2,029.02 per ounce at 9.20am UAE time
Expert says generally weaker risk tone in the markets should act as a supportive force for the rise of precious metals considered a haven
Currency stays on upward track amid weak US dollar, favourable crude oil prices
Spot gold was down 0.42 per cent due to fading expectations of early rate cut US keeping the dollar and bond yields supported