ETV Bharat / business

Gold Rates May Stay Volatile This Week As US Govt Funding Bill, Fed Signals Set Next Move

Globally, gold futures for December delivery rose 1.05 per cent to settle at USD 3,908.90 per ounce on Friday.

New Delhi: Gold prices are likely to remain volatile in the coming week, as investors track developments around the US government funding bill, labour market data and Federal Reserve commentary, analysts said.

The release of the Federal Open Market Committee meeting minutes on Thursday is also likely to influence bullion market sentiment, they added.

"The week ahead is relatively light on data, but volatility is expected to remain high with frequency to profit-booking likely to increase, followed by renewed buying as well. In the week ahead the focus will

See Full Page