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Market move● Neutral for Indian equities
Gold heads for a weekly loss as a stronger dollar and Fed rate-hike bets weigh
The brief
- Gold was **on track for a weekly loss**
- A stronger dollar and rising expectations of another Fed rate hike weighed on prices
- Gold, Silver Face Another Choppy Spell This Week As US Data, West Asia Tensions Take Centre Stage: Analysts
- Forex reserves drop $14.9 billion to $766 billion, sharpest weekly fall since November 2024
- Dollar falls as oil cools but set for weekly gain; yen rallies
- ‘We were wrong.’ Why Morgan Stanley changed its tune on the U.S. dollar — and what it expects now.
- Yen gains after Japan’s finance minister signals readiness for bold action