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Gold Flat Ahead Of US Fed

27 Jul 2022 , 04:42 PM

The COMEX Gold futures moved up marginally today but stayed in a tight range as markets eyed the US Federal Reserves interest-rate decision later in the day. European stocks moved up amid steady buying support. Good gains were also seen in the Asian stocks. COMEX Gold futures are trading at $1718 per ounce amid these cues, almost unchanged on the day. MCX Gold futures are trading at Rs 50631 per 10 grams, up 0.09% on the day. Traders also eyed the weakness in the Indian Rupee. The Indian rupee eased a bit amid volatile local equities. INR fell 12 paise on the day to 79.90 per US dollar. Powered by Commodity Insights

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