Bullion rates to be tested amid oil surge


NEW DELHI: Gold and silver are expected to face fresh headwinds this week as surging crude oil prices revive inflation concerns, while US Federal Reserve’s policy decision could determine whether bullion rates stabilise or extend their downward trend, analysts said.The precious metals, already battered by elevated bond yields and a stronger dollar, will look to Fed’s Oct 27-28 meeting and its commentary.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *