Gold rate today: Yellow metal flat ahead of FOMC outcome

Gold rate today: Yellow metal flat ahead of FOMC outcome

Ravi Singh, Vice President & Head of Research, ShareIndia said that gold prices are under pressure on tapering possibility and may remain weak for a few trading sessions. “All of the major central banks are holding monetary policy meetings this week and after the inflation report it’s most probable that the Fed will hike rates and take a hawkish stance,” he added.

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