Spot gold in the London market breached $4,350 an ounce this week, marking a historic high. In India, prices have soared past ₹1,31,000 per 10 grams, in MCX, just ahead of the festive season.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.