Below the Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities
Comex Gold prices surged to a record high of $2,617.40 on Monday, driven by a weaker US dollar amid growing expectations of a significant rate cut. The CME FedWatch Tool now indicates a 67% chance of a 50 basis point rate cut by the Fed, up from 50%, with a 33% probability of a 25 basis point cut. Geopolitical risks, particularly in the Middle East, and an alleged assassination at...
Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities