Gold Price: MCX Gold price has support around Rs 46660, Rs 46956 and resistance at Rs 47411 and Rs 47570
CapitalVia Investment Advisers say that International Gold and Silver prices are trading with gains as US Treasury yields and the US dollar weakened, lifting the precious metals’ appeal.
US Federal Reserve Chair Jerome Powell said on Wednesday that the central bank would reduce its monthly bond purchases before committing to an interest rate hike, indicating that the sequence of monetary policy adjustments is still months away