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As on : 28-Jan-2025
Other Markets - Bullion Markets
28-Jan-2025     14:49

Gold climbs amid tariff tensions and Fed policy meet

Gold futures climbed towards $2750 per ounce on Tuesday as traders anticipated the Federal Reserve's two-day policy meeting, where rates are likely to remain unchanged. Focus is on Fed Chair Jerome Powell's speech and the central bank's response to Trump's call for rate cuts. Gains were capped by a stronger US dollar, which rebounded near 108, supported by Trump's tariff threats. MCX February bullion futures rose Rs 272 to Rs 79850 per 10 grams. Investors are also eyeing the Fed's inflation outlook for hints on future monetary policy moves.

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