Gold, Rupee Rate Today and Outlook | EXPLAINED
Gold, Rupee Rate Today: Gold prices opened flat on Tuesday and prices consolidated for most of the session in the range of Rs 44800 -Rs 45000 levels. Overall, prices remained supported in the last few sessions as U.S. Treasury yields eased, while investors awaited a U.S. Federal Reserve meeting which is likely to tackle concerns over rising inflation. Therefore, ICICI Securities expect Gold prices to recover further towards Rs 45400 level in the short term.
ICICI Securities reiterate our constructive stance and expect Nifty to gradually retest the upper band of consolidation placed at 15300 in coming weeks: Reuters