Gold Rate Today: Analysts point to caution ahead of Fed decision
Market experts said investor caution remained the dominant theme in bullion markets. Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said gold retreated from the previous session’s gains as traders awaited the Federal Reserve’s policy outcome. Analysts believe that even if the central bank leaves rates unchanged, its guidance on inflation and future monetary policy could significantly influence gold prices. Expectations of higher interest rates generally weigh on bullion because they increase the opportunity cost of holding non-yielding assets such as gold. This has prompted investors to avoid taking large positions until greater clarity emerges from the central bank.
