India, March 20 -- Gold futures staged a sharp rebound, climbing nearly $100 to move back above the $4,700 per ounce mark, as bargain hunting and lingering geopolitical unease rekindled buying interest after recent steep losses. That said, the broader tone remains fragile. A resilient United States dollar and the Federal Reserve's firm policy stance continue to cast a long shadow over bullion, with policymakers signaling that any pivot toward rate cuts remains contingent on a clearer moderation in inflation. Meanwhile, a synchronised pause from major central banks-including the European Central Bank, Bank of Japan, and Bank of England-has been accompanied by a subtly hawkish undertone, reinforcing the "higher-for-longer" narrative. On the...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.