Gold rate today: Gold prices down from life-time highs - what’s making gold so volatile?

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Times of India 7h ago

Gold rate today: Gold prices down from life-time highs - what’s making gold so volatile? - Times of India

Quick Summary:

Gold rate today: Gold futures opened higher at MCX, despite a recent dip from all-time highs, influenced by shifting market focus towards the Federal Reserve's interest rate decisions and the US economic outlook.

The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies.

Precious metals experienced an upward trend following rate cuts by both Chinese and Australian central banks, with China reducing its 1-year and 5-year loan rates by 10 basis points, whilst Australia implemented a 25-basis-point reduction on Tuesday.