Gold prices climbed Friday amid strong expectations of a U.S. Federal Reserve rate cut next week, while silver reached a record high. The market anticipates a 25-basis-point cut, driven by dovish Fed commentary and recent economic data. This sentiment weakened the dollar, benefiting gold.
FPIs’ outflow nears Rs 33,000 crore in May on weaker rupee
However, the trend reversed in March, when foreign investors pulled out a record Rs 1.17 lakh crore. The selling continued in April with net outflows