2 min read.Updated: 21 Sep 2022, 02:11 PM ISTLivemint
Analysts say gold has already corrected sharply in anticipation of aggressive move by the Fed
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Gold prices rose today while oil rates jumped after Russian President Vladimir Putin ordered a partial mobilization. On MCX, gold futures rose from six-month lows to ₹49,451 per 10 gram while silver gained 1% to ₹56875 per kg. US bond yields also rose on safe-haven demand. In global markets, West Texas Intermediate surged toward $87 a barrel, adding as much as 3.2%, while Brent futures jumped 3% to $93.4 a barrel.
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