Gold rate today: Yellow metal edges higher; silver nears Rs 59,000 on MCX - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Wednesday, 2 November 2022

Gold rate today: Yellow metal edges higher; silver nears Rs 59,000 on MCX

Gold is highly sensitive to rising US interest rates, as that increases the opportunity cost of holding the non-yielding metal and boosts the dollar. Falling US Treasury yields supported the precious metals, said Rahul Kalantri, VP-Commodities, Mehta Equities. "Some potentially positive news coming out from China is also positive for the metals market."

from Commodities-Markets-Economic Times
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