Gold prices hit record highs on MCX amid US economic uncertainty, government shutdown fears, and expectations of further Fed rate cuts. Silver also gained, while analysts await key events including FOMC minutes, Fed Chair remarks, and China’s market reopening.
Washington: The US Federal Reserve raised the interest rate by 0.75 percentage points, the highest on-shot increase since 1994, to tackle inflation that is at its highest in 40 years. The rate hike was announced at the end of the two-day policy meeting of the fed. It ran contrary to smaller rate hikes of 0.50 percentage […]
