Mumbai, April 9 -- Precious metals added to downside on Thursday morning in Asia after having rebounded well in the previous session. COMEX gold fell 1% to quote at $4736.40 an ounce while silver futures were down over 2% at $73.95 an ounce. Both oil and dollar rebounded this morning after a reportedly fragile ceasefire in the Middle East and lingering uncertainty over the reopening of the Strait of Hormuz. The greenback is holding ground amid uncertainty and after minutes from the Federal Reserve's (Fed) March meeting, released on Wednesday, suggests the central bank remains in a wait-and-see stance. Oil disruption led inflation expectations are also likely to encourage Fed to maintain higher interest rates for long which could drive green...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.