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The Economic Times

MCX gold extends rally to four sessions, up nearly Rs 8,200/10g; silver slips Rs 1,800/kg ahead of US inflation data

AI Market Summary
Gold extended gains as the USD hovered near multi-month lows, boosting demand for dollar-priced bullion, while silver eased after a brief rally. Attention is shifting to US PCE inflation data and the Fed Chair's Jackson Hole remarks for rate-path signals, which could drive near-term volatility across precious metals and the dollar. Geopolitical pressure on Iran adds a modest risk-premium backdrop.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+0.65%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Gold extended gains for a fourth straight session on the MCX, rising nearly Rs 8,200 per 10 grams over four sessions as the dollar weakened, while spot gold climbed to $4,627.42 an ounce. Silver ended a three-day rise, falling 0.3% to $68.76 an ounce. Markets are now focused on upcoming US inflation data and a speech by Federal Reserve Chair Kevin Warsh.
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