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Gold rate today: US Fed s interest rate hike and strong US GDP data, led to a rebound in the US dollar index and downward pressure on gold prices, say experts ....
“The Federal Reserve s statement keeps the door open for future rate hikes, but prioritizes data-driven decisions,” said Radhika Gupta, MD & CEO, Edelweiss MF. “Vigilance towards inflation risks remains a key focus for the rate-setting committee.” ....
US economy grows at a 2.4% annual rate in Q2, fueled by consumer spending and investment, defying rising interest rates and surpassing expectations. ....
US Fed Rate Hike: The benchmark overnight interest rate has now increased to 5.25 per cent-5.50 per cent, Fed says it remains open for further hikes ....
Gold rates today are under pressure as the US dollar climbed to a one-week high ahead of the US Fed meeting and speculations of a 25 bps rate hike ....