Commodities Live: Why Gold Prices Are Rising? Is Gold On The Cusp Of A New Bull Market?
Zee Business Video Team | Updated: November 11, 2022 08:22 PM IST
Gold reached above $1,760 on COMEX. Gold crossed Rs 52,000 on MCX. US retail inflation fell more than expected in October. Inflation in the US stood at 7.7%. Dollar index reached near 108. The rate hike is expected due to lower inflation. According to the opinion of experts, the Fed can increase rates by 50 basis points instead of 75.
