BusinessPhoto: NDTV BusinessGold Prices Fluctuate Amid US-Iran Talks and Fed Rate Speculation
Gold prices fluctuated as traders evaluated the Federal Reserve's interest rate trajectory and ongoing US-Iran negotiations. Bullion swung between a 0.4% gain and a 0.7% loss. Despite talks to end the US-Iran conflict, a diplomat said reports of a near agreement are inaccurate. Energy prices stayed high, fueling inflation concerns and potential further Fed rate hikes. Traders see a 15% chance of a rate increase at the Fed's October meeting.
NDTV Business·

