Gold rate today under pressure as US dollar index hits 2-month high
9 months, 4 weeks ago

Gold rate today under pressure as US dollar index hits 2-month high

Live Mint  

Gold rate today, 26 Feb 2024: Amid speculations of a positive outcome in the US Q4 GDP data to be released on Wednesday this week, the US dollar index regained 104 level in early morning deals and touched a two-month high. According to commodity market experts, the gold rate today is under pressure as the US dollar index has climbed to a two-month high. US GDP data in focus Speaking on the reason for the dip in gold rate today, Anuj Gupta, Head — Commodity & Currency at HDFC Securities said, "Gold prices are under pressure as the US dollar index has touched a two-month high during morning deals. However, in case the US GDP data comes above 3.3 percent then in that case US dollar rates may come under sell-off pressure on the US Fed rate cut buzz in the near term meeting.

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