Mumbai, Sept. 17 -- Gold edged lower below $4300 an ounce in intraday trades as the Federal Reserve's 25-basis-point rate hike and prospects of another increase before year-end strengthened the case for higher borrowing costs. The Fed's median projection for the end-2026 policy rate rose to 4.1% from 3.8%, while a firmer dollar and elevated Treasury yields increased the opportunity cost of holding non-yielding bullion. Persistent oil-supply concerns have also reinforced inflationary pressures and the prospect of tighter monetary policy. MCX October bullion futures declined 0.5% to Rs.151,650 per 10 grams.
Published by HT Digital Content Services with permission from Capital Market....