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Gold and Silver Slip on MCX as Fed Decision Looms
Original: 🟠 UPDATE Treasury Yields Rise Ahead of Fed Decision Gold and silver prices traded lower on the MCX as investors turned c
Gold and silver prices fell on India's Multi Commodity Exchange as investors turned cautious ahead of the US Federal Reserve's policy decision. Rising US Treasury yields pressured precious metals, with traders awaiting clarity on the Fed's interest rate path before making fresh bets.
Why now: Markets are jittery ahead of the Federal Reserve's upcoming policy decision, which could move yields, the dollar and gold prices.
Federal ReserveMCXgoldsilverUS Treasury
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/3984333