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Gold rate today: Yellow metal edges higher, volatility seen ahead
Gold rate today: Yellow metal edges higher, volatility seen ahead
"Gold is trading at the mercy of expectation of a prolonged interest rate hike decision by the US fed due to resurging inflation, but the talks of a smaller rate hike of 25 basis points have put dollar index under pressure which has helped to gold to rebound in last few sessions," Mohammed Imran, Research Analyst at Sharekhan by BNP Paribas said.
"Gold is trading at the mercy of expectation of a prolonged interest rate hike decision by the US fed due to resurging inflation, but the talks of a smaller rate hike of 25 basis points have put dollar index under pressure which has helped to gold to rebound in last few sessions," Mohammed Imran, Research Analyst at Sharekhan by BNP Paribas said.
"Gold is trading at the mercy of expectation of a prolonged interest rate hike decision by the US fed due to resurging inflation, but the talks of a smaller rate hike of 25 basis points have put dollar index under pressure which has helped to gold to rebound in last few sessions," Mohammed Imran, Research Analyst at Sharekhan by BNP Paribas said. 
