Gold prices experienced a decline of Rs 2,754/10 grams on MCX over the past week, influenced by US-China trade negotiation optimism and a strengthening dollar. Despite initial gains, gold and silver futures settled mixed amid profit-taking and dollar index rebound. Experts anticipate continued volatility, suggesting potential support and resistance levels for both gold and silver on MCX.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.