Fed rate cuts, their impact on gold prices, and key levels to monitor this week

September 2, 2024

Gold and silver experienced a significant drop last week driven by a rebound in the dollar index and U.S. bond yields. The Federal Reserve’s actions and upcoming U.S. economic data, particularly the Payrolls report, are seen as key drivers for commodities in the near term according to Naveen Mathur from Anand Rathi Shares and Stock Brokers.

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