Gold prices trade at Rs 1,09,870/10 grams as markets await Fed chief’s remarks. Profit-booking or fresh rally ahead?

Gold prices saw a slight dip but stayed close to record levels. Investors are watching for the U.S. Federal Reserve’s interest rate decision. Market anticipates potential rate cuts. MCX gold futures experienced a minor decrease. Silver futures witnessed a more significant drop. Globally, the dollar weakened as markets await the Fed’s move. Focus is on Fed Chair Jerome Powell’s comments.

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