Other Markets - Bullion Markets
Gold slips under $2680 as strong dollar, Fed focus weigh on bullion As on : 11-Nov-24  14:52

Gold fell below $2680 per ounce in Monday's electronic trades, pressured by a strong dollar steady near 105 and cautious sentiment ahead of key US inflation data and Federal Reserve speeches, which could signal the Fed's next steps under the Trump administration. Last week's 25 bps Fed rate cut hinted at a measured approach to future easing. Meanwhile, Russia's gold reserves hit an all-time high of $207.7 billion, while China's October inflation slowed, adding to economic headwinds. On MCX, bullion futures dipped under ₹77,000, trading down by ₹600 per 10 grams.

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