For Quick Alerts
For Daily Alerts

Gold Futures Rally As Fed Cuts Outlook For Rate Hikes

By Religare

The yellow metal rallied over 1.5 per cent on Thursday after the Federal Open Market Committee left interest rates unchanged, citing rising global economic and financial risks to growth in the world's biggest economy, bolstering the lure for the bullion as a store of value. Check gold rates here

Gold Futures Rally As Fed Cuts Outlook For Rate Hikes
The Fed which kept unchanged its target range for the benchmark federal funds rate between 0.25 to 0.5 per cent, pared back the number of rate hikes it anticipates in 2016 from two to four earlier, as it weighs the potential impact of slowing global growth and financial volatility on US growth.

At the MCX, Gold futures for April 2016 contract were trading at Rs 29,420.00 per 10 gram, up by 1.57 per cent after opening at Rs 29,185.00, against the previous closing price of Rs 28,966.00. It touched the intra-day high of Rs 29,469.00.

Read more about: gold
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more