Gold prices rose 0.66% to ₹79,226, driven by growing expectations of Federal Reserve rate cuts. A slower-than-expected rise in U.S. retail sales for December and a sharp rebound in initial unemployment claims in January fueled bets on looser monetary policy to prevent an economic slowdown. This trend, coupled with softening core CPI data, reduced the opportunity cost of holding non-yielding assets like gold, supporting its rally.
Gold Rose As Fed Rate Cut Expectations For This Year Gained Momentum.www.thealgotechnology.com
