Gold prices rise amid 2024 rate cut expectations: Investors await key economic data from US
According to the CME FedWatch Tool, traders are pricing in a 75% chance of monetary policy easing in March
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According to the CME FedWatch Tool, traders are pricing in a 75% chance of monetary policy easing in March
Meanwhile, silver opened at Rs 74,550 per kg, hit an intraday low of Rs 73,873 on the MCX, and hovered around $23.85 per troy ounce in the international market.
The rally was sparked by market expectations of a rate cut by the US Federal Reserve
The US central bank highlighted slowing growth and easing inflation as reasons for the shift in narrative
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