INSUBCONTINENT EXCLUSIVE:
Domestic gold prices edged higher on Thursday, recovering from five-month lows registered the previous day
Despite prevailing weakness in the global market, mild advances in gold prices back home came amid lacklustre buying by jewellers, according
Globally, the dollar strengthened, further pressurizing the demand for the yellow metal outside the US
Silver prices, however, edged lower
In Delhi, gold of 99.9 per cent and 99.5 per cent purity recovered by Rs 25 each to Rs 30,825 and Rs 30,675 per 10 grams, respectively, news
Mr Powell said he believed the US was on course for years more of steady growth, and carefully played down the risks to the world's
largest economy of an escalating trade conflict
policymakers indicated they expect two more rate increases this year.5
Gold is highly exposed to interest rates, particularly in the US, as higher rates lift the opportunity cost of holding non-yielding assets
and boost the dollar, in which gold is priced.
