Gold prices fall in India ahead of US inflation data announcement: Should you buy now
Golddealer28 Aug, 2024Business
Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited, noted, ?If inflation rises faster than anticipated, it might lead to a reassessment of the Federal Reserve?s rate cut plans. However, if CPI meets or falls below expectations, gold could see new highs, potentially surpassing $2,500 per ounce (?72,000 per 10 grams).?
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