
Gold hits 9,366 INR - trader reveals why Fed rate cuts spell profits
Key Points
- Gold in India rises to 9,366.07 INR per gram amid speculatio...
Gold in India just hit 9,366.07 INR per gram, up from 9,352.03 INR yesterday, and frankly, the metal is acting like it knows something we don't. Spoiler alert: it probably does.
The real puppet master here isn't some mystical market force - it's the Federal Reserve sitting in their ivory tower, probably sipping coffee while deciding whether to cut rates. And guess what? An 85% chance of a September rate cut has traders more excited than a kid in a candy store.
When Numbers Get Hot and Heavy
Last week's Producer Price Index data came in hotter than a summer day in Delhi, showing the fast...
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