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Other Markets - Bullion Markets
Gold rises above $2435; Strong Dollar may cap gains As on : 07-Aug-24 14:53
Gold futures rose above $2435 per ounce in Asian electronic trades on Wednesday, rebounding after four consecutive sessions of losses. Gains might be limited due to a strong US dollar, which rose to above 103. The metal's upside is supported by expectations of Federal Reserve rate cuts following weak US economic data and ongoing Middle East tensions. MCX October delivery bullion futures increased by Rs 40 to Rs 69005 per 10 grams, recovering from Rs 67872 on July 25th.
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