MCX gold February futures rose by 0.42% to a record high of ₹1,38,469 per 10 grams, while MCX silver March contracts jumped almost 2% to reach a fresh peak of ₹2,23,742 per kg ....
Better reports that Fed rate cuts can influence mortgage rates, but unpredictably; housing buyers should focus on personal finances for better rates ... .
Gold rose to a record $4,525.96 an ounce on Wednesday, rising around 1% amid concerns over rising US-Venezuela tensions and expectations of more US rate cuts ... The rate increased around 144% during the last 12 months.
This era, which some analysts are calling "The GreatNormalization," mirrors the 1995 "soft landing" engineered by Alan Greenspan, where the Fed successfully adjusted rates to sustain growth without reigniting price pressures.
Fed funds futures traders slightly ... In currency markets, the US dollar trimmed earlier losses against major peers after the data release reinforced expectations that the Fed will pause rate cuts.
Gold price today. MCX gold February futures were 0.77% up at ₹1,35,224 per 10 grams, while MCX silver March futures were 2.39% up at ₹2,13,412 per kg around 9.15 am ....