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The Economic Times

Business

Gold futures sink to three-month low as dollar rally batters bullion

Gold United States US Federal Reserve the Federal Reserve Renisha Chainani Inflation Interest Rates US Dollar

Gold futures fell Rs 1,834 to hit a three-month low of Rs 1.44 lakh per 10 grams on Wednesday amid a rally in the greenback and growing expectations for elevated US interest rates kept investors away from precious metals.

On the Multi Commodity Exchange, the yellow metal for August delivery decreased by Rs 1,834, or 1.25 per cent, to Rs 1,44,695 per 10 grams in a business turnover of 9,508 lots.

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