Gold and silver prices fell sharply on MCX after the US Federal Reserve signalled a possible interest rate hike later this year while keeping rates unchanged. Higher rate expectations pressured precious metals despite easing oil prices. Analysts advised booking profits in existing long positions and waiting for fresh entry levels.
Gold and silver prices witnessed a sharp decline on the Multi Commodity Exchange (MCX) following indications from the US Federal Reserve regarding a potential interest rate hike later this year. This expectation of higher rates put pressure on precious metals, despite a decrease…
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