Gold prices rise to a six-week high amid increased expectations of a US Fed rate cut. Focus on the US dollar rate
Gold rate today: Because of increased expectations for a US Fed rate cut and weakening in US dollar rates, gold prices in the international market reached a six-week high of $2,391 per ounce. The gold futures contract on the Multi Commodity Exchange (MCX) for August 2024 has recaptured the psychological ₹73,000 mark, with a weekly…