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As on : 14-Oct-2024
Other Markets - Bullion Markets
14-Oct-2024     15:02

Gold prices steady amid Fed outlook and Middle East risks

Gold remained steady around $2678 per ounce in Monday's Asian trades, following a 1% rise in the previous session as traders weighed the Fed's interest rate path. Investors are now eyeing retail sales data and upcoming speeches from Fed officials for direction. Geopolitical risks in the Middle East continued to support gold's safe-haven demand. On the MCX, gold futures held steady at Rs 76,321 per 10 grams. Meanwhile, the dollar index hovered near 102.8, reflecting strong expectations that the Fed may hold off on aggressive rate cuts despite mixed economic signals.

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