Gold prices rose on MCX on Monday, snapping a two-day decline after oil prices softened amid signs of progress in U.S.-Iran peace talks. The recovery comes after a sharp selloff in the previous session, though hawkish Federal Reserve signals and expectations of higher U.S. interest rates continue to weigh on the outlook for precious metals.
Gold prices on MCX rebounded, ending a two-day decline. This recovery was prompted by softening oil prices amidst progress in US-Iran peace talks. Despite this bounce, the outlook for precious metals remains pressured by hawkish Federal Reserve signals and expectations of higher…
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