MCX Gold News Update

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MCX Gold News Update

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As per MCX www.crudeoperator.com intraday research Mumbai base company report for : Gold international edged up on Thursday, as the dollar weakened after the U.S. Federal Reserve kept interest rates unchanged at its first meeting since President Donald Trump’s inauguration. The Fed kept interest rates unchanged on Wednesday in its first meeting since President Donald Trump took office, but painted a relatively upbeat picture of the U.S. economy that suggested it was on track to tighten monetary policy this year. The yellow metal gained more than 5 percent in January – its best month since June 2016 – as the dollar suffered its worst start to the year in three decades. Meanwhile, investors also turned their attention to a quarterly report from the Bank of England on Thursday. The BoE was expected to avoid adding to speculation about a first interest rate hike in nearly a decade, even as it acknowledges the resilience of Britain’s economy since last year’s Brexit vote shock.


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