Gold prices declined following a U.S. Federal Reserve rate cut, influenced by a stronger dollar and cautious signals regarding future policy easing. Despite hitting a record high, spot gold experienced a dip, while U.S. gold futures also slipped. Market sentiment remains mixed, with factors like geopolitical tensions and central bank buying still playing a role.
GIFT Nifty hits record open interest of $21.56 billion; contracts touch all-time high
GIFT Nifty has hit a record open interest of $21.56 billion, reflecting rising global investor participation in India’s offshore derivatives market. The milestone, achieved on