Gold prices edged lower by 0.28% to settle at ₹76,653, pressured by a stronger U.S. dollar and rising Treasury yields. Investors are focused on the Federal Reserve’s upcoming interest rate decision, with expectations of a cautious approach to monetary easing in 2024. While a 25 bps rate cut is widely anticipated this week, the probability of further reductions in January remains low at just 17%, according to CME’s FedWatch tool. Key U.S. GDP and inflation data later this week could further sway market sentiment.
Gold Prices Slide Amid Firm Dollar and Fed Decision.www.thealgotechnology.com
