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Gold may hit $3,100 in short-term on hawkish pause by US Fed: Analyst

Business Standard LogoBusiness Standard9h ago

Gold may hit $3,100 in short-term on hawkish pause by US Fed: Analyst - Business Standard

Quick Summary:

Gold Rate Today: FOMC rate decision, due tonight, will be crucial for commodities.

The Fed is expected to keep the overnight Fed Fund rates unchanged at 4.25 per cent-4.

COMEX gold inventory at 40.466 MOz are at a record high and have risen around 230 per cent since the US Presidential elections on delivery demand of the buyers at the COMEX.

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Gold may hit $3,100 in short-term on hawkish pause by US Fed: Analyst - Business Standard (Picture 1)

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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 10:45:59 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 917 words

Reading Time: 6 minutes read

Sentences: 43 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27165894

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 263 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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  • URL: https://chronographically.beamstart.com/news/gold-may-hit-3100-in-17423619272673

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