Gold and Silver Rally to Multi-Month Highs
Central bank buying, ETF inflows, geopolitical risks fuel In the Weekly [15-19 September] review Dr. Renisha Chainani, Head- Research, Augmont said, gold prices rebound to $3730(~Rs 110,600) again and silver touches new high of $43.94(~Rs 132,000), bolstered by strong central bank purchases, consistent ETF inflows, and safe-haven demand amid ongoing geopolitical tensions and worries about the economic effects of President Donald Trump's tariffs. For the first time since December, the Federal Reserve cut its benchmark rate by 25 basis points, as was generally expected, placing the overnight funds rate between 4.00% and 4.25%. In addition, concerns over a weakening US labor market prompted the US central bank to consider two additional rate cuts this year. As a result, on Wednesday, the non-yielding gold price surged above $3700 to reach a new all-time high. Fed Chair Jerome Powell stated that risks to inflation are biased to the...