Gold Price Today: MCX Gold futures fall 1.7% since Powell’s testimony; analyst recommends sell on rise
Fed Chair Jerome Powell’s admission of sharper interest rate hike on March 8, 2023 before the US Senate Banking committee has dampened the mood for the bullion. “Sharper interest rate hikes will likely strengthen the dollar and take sheen from the yellow metal,” said Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities
