Morningstar

Pressure on Precious Metals as U.S. Fed Maintains Stance; Gold Drops 0.64% This Week

New Delhi, August 29: Precious metals faced significant pressure this week due to the U.S. Federal Reserves stringent stance and stronger-than-expected economic data. Over the week, gold prices fell by approximately 1.86%, while silver also showed weakness. On the Multi Commodity Exchange (MCX), gold futures for October delivery closed at 1,56,281 per 10 grams on ... Read more Pressure on Precious Metals as U.S. Fed Maintains Stance; Gold Drops 0.64% This Week