Gold rate today steady below $2000 on US dollar pullback from seven-week high. Buy, hold or exit?3 min read 18 May 2023, 10:09 AM IST
Gold rate today is trading in $1,965 to $2,020 per ounce range, believe experts
Gold rates today steadied below the psychological $2,000 per ounce levels as the US dollar pulled back marginally from its seven-week high during early morning deals. Amid traders and investors focus on US debt ceiling crisis, gold future contract on Multi Commodity Exchange (MCX) for June 2023 expiry opened lower and went on to hit intraday low of ₹60,049 per 10 gm levels. However, in international market, gold price today sustained above the psychological $1,980 levels and made an intraday high of $1,986 after hitting intraday low of $1,980.54 per ounce within few minutes of Asian stock market's opening bell today.
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