Gold Prices Rallies To Hit New Record In Bangalore On September 16, Silver Jumps; How Fed Policy Will Impact?
Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited(RSBL) said, the US Federal Reserve is expected to cut interest rates by 50 basis points next week, causing gold prices to reach fresh highs above $2550. Sentiment is optimistic after the US Labor Department reported that initial jobless claims climbed as predicted, above the previous week's number.
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