Gold is expected to find good support into the dips on geopolitical concerns emanating from the Middle East as the US and the UK strikes on Houthis have made the region vulnerable. Nonetheless, the yellow metal will be at. a risk to slide lower in case the tensions remain contained, more so as hard macroeconomic data of the US economy remain encouraging.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction