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Podcast: Let the Money Talk
Episode: Indian Commodities Market: Update on Bullion Market- Gold & Silver | 21st June 2024
Description: Welcome to the Let the Money Talk podcast by PhillipCapital India. In this episode, PhillipCapital's research analyst provides a view on the Base Metals Pack - Gold & Silver | 21st June 2024
Gold prices held steady on Friday as Fed policymakers, on Wednesday, pushed out the start of rate cuts to perhaps as late as December, implying they will lower rates only once this year, where there were hopes of two cuts and despite some progress in controlling inflation.* Lower interest rates reduce the opportunity cost of holding non-yielding bullion.* U.S. producer prices unexpectedly fell in May amid...