Economy · India
Gold Prices Rise Amid Fed Rate Speculation and West Asia Tensions
Gold prices approached $4,400 per ounce as traders assessed the US Federal Reserve's potential interest rate decisions, influenced by cooling economic indicators. Developments in West Asia are also a key factor shaping the market's outlook. Domestically, gold futures for October delivery on the Multi Commodity Exchange (MCX) saw a significant increase of nearly 2%, closing at ₹1.54 lakh per 10 grams.
How outlets across the spectrum covered it
L 0 C 3 R 0
- Centre (3 votes, 4 outlets): Mint, The Economic Times · The Times of India (Times Group — 1 vote), The Hindu BusinessLine
- International (4): Bloomberg, CNBC, Reuters, The Wall Street Journal