Markets still see a 25-bp hike in February and rate cuts from September, and gold is enjoying the perceived less-hawkish Fed, says expert
Markets still see a 25-bp hike in February and rate cuts from September, and gold is enjoying the perceived less-hawkish Fed, says expert
Forex traders expect the rupee to trade with a slight negative bias on global economic concerns
The yellow metal prices fell nearly two dirhams at the opening of the markets on Wednesday
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.49 per cent to 102.88
According to industry analysts, gold prices are expected to hit record highs above $2,000 an ounce this year, albeit with a little turbulence
Sustained foreign fund outflows further dented investor sentiments, forex traders say
Most Asian currencies were stronger on the week's first trading day
The dollar index slipped 0.4 per cent, making dollar-priced gold a more attractive bet
Rupee touches 68.5 against dirham in open market
The South Asian currency had opened at 22.141, its highest level in over a month