Nine of 10 economists polled by ET ahead of Thursday’s policy announcement expect a 25-bps increase. This week’s rate action is expected to be followed by a prolonged pause, with some respondents anticipating no further rate action for the remainder of FY24.
Gold hovers near early-June high on lower bond yields
Gold prices soared close to a two-month peak on Thursday after the U.S. Treasury announced bolstered liquidity measures. With yields falling and the dollar weakening,