Gold: US Federal Reserve rate cut expectations have yellow metal shining

Mild recession, low inflationary pressures in the US and a stronger rupee would act as headwinds

Sanjay Kumar Singh
Last Updated at January 16, 2023 22:06 IST

Photo: Bloomberg

Gold closed at Rs 56,655 per 10 grams on Monday, an all-time high in the domestic market. In the international market, the yellow metal closed at $1,918 per ounce, up 16.6 per cent over the past three months.

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