Gold price today: Yellow metal lacklustre ahead of US Fed meeting minutes; experts unveil key levels for MCX Gold rate
Gold prices traded lacklustre in the domestic futures market Wednesday morning amid tracking muted global cues ahead of the minutes of the US Fed’s last policy meeting. MCX Gold for December 5 contracts traded 0.03 per cent lower at ₹75,142 per 10 grams around 9:30 AM.
In the international markets, gold prices were struggling to stabilise after hitting a two-week low in the previous session. The rise in the dollar and recent strong macro data have weighed on gold prices.
All eyes are now on the Fed’s September policy meeting minutes, due later today. The US Consumer Price Index (CPI) report will be on Thursday, and the Producer Price Index (PPI) data will follow on Friday. All these will significantly influence the expectations around…
