Gold futures ticked higher in early deals on 18th November, after falling about 4.8% last week, the sharpest since 2021. Pause in dollar rally, continued expectations of 25 bps Fed interest rate cut in December, ongoing tensions in the Middle East and the escalating conflict between Ukraine and Russia also kindled the yellow metal investments. The upcoming remarks from other Fed policymakers this week has been keenly awaited for further clarity on the direction of US interest rates in the months ahead.
Source: Ace Equity Nxt
