Gold price today: Gold rates traded lacklustre in the domestic futures market Wednesday morning ahead of the US Fed policy decision. Expectations are high that the US Federal Reserve will announce a third rate cut later today and provide insights into its interest rate trajectory for 2025. MCX Gold for February 5 expiry traded 0.03 per cent down at ₹76,850 per 10 grams around 9:25 AM.
In international markets, gold prices moved up amid the expectations of a 25 bps rate cut by the US central bank. However, the rise of the US dollar, Us treasury yields, mixed US economic data and newsflow about easing geopolitical tensions capped gains for the yellow metal.
More to come
