Gold and silver prices moved down on Thursday as a firmer US dollar weighed on bullion demand. On the MCX, silver fell over Rs 2,000 per kg while gold declined marginally. Analysts expect continued volatility amid currency fluctuations, geopolitical tensions and crude oil price movements, advising investors to wait before initiating fresh positions.
Rate cuts unlikely in near term as inflation stays sticky: Richard Harris
Global market expert Richard Harris anticipates minimal changes to U.S. monetary policy, emphasizing the Fed’s independence. He notes that Big Tech’s recent profitability stems more