Gold rate today: Yellow metal breaches Rs 50,000; silver continues to fall - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Wednesday, 14 September 2022

Gold rate today: Yellow metal breaches Rs 50,000; silver continues to fall

Gold is highly sensitive to rising US interest rates as they increase the opportunity cost of holding the non-yielding bullion while boosting the dollar. ICICI Direct in its note said that gold was down on the back of a weak US dollar and 10-year treasury yields. US Federal Reserve also pressurised bullion prices, it said.

from Commodities-Markets-Economic Times
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