Tag: crash

After staying flat on Monday, spot gold slipped to $4,195–$4,201 on Tuesday morning as markets await Wednesday’s Fed meeting with 90% chance of a 25 bps cut but fear a hawkish tone. In India, the sudden dip translated into a sharp Rs.4,400 fall in 22-carat jewellery gold prices, creating the biggest buying opportunity in weeks for wedding and investment buyers before an expected post-rate-cut rall