Sensex: 74,294.96 Price increased (0.76%)

Nifty: 23,414.30 Price increased (0.29%)

Hamburger

Manumangalanubhai Manumangalangaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

Technology . Transparency . Trust

Contact Us
Apply For IPO

MARKET

Commodity News Details
Precious Metals Preview: Rate hike fears push COMEX gold to its lowest level of 2026 so far
24-Jun-2026 08:59

COMEX gold futures were pushed lower on Wednesday to its lowest level recorded in 2026 so far, driven by a firm dollar on hawkish Federal stance. The dollar index hovered around 101.24 this morning, trading at its highest level in more than a year as expectations for Federal Reserve rate hikes this year remained strong. An unexpectedly hawkish Fed meeting chaired by Kevin Warsh last week boosted expectations for a year-end interest rate hike, contributing to downside in the yellow metal. Markets are also looking ahead to this week's PCE inflation report, the Fed's preferred inflation gauge, for additional clues on the outlook for monetary policy. Currently, the counter is quoting at $4072.40 an ounce, down almost2% on the day. Meanwhile, silver futures are tumbling by more than 1% at $61.23.

Powered by Commodity Insights

Attention Investor
As per CDSL communiqué, kindly update your Email ID, Mobile Number and Income Range in your CDSL Demat Account on or before 31st May 2021. Non-compliant accounts will become inactive after 31st May 2021.  |  Prevent unauthorized transactions in your Demat account by updating your registered mobile number with your Depository Participant. Receive alerts for all debit and other important transactions directly from CDSL.  |  No need to issue cheques while subscribing to an IPO. Simply authorize your bank account in the application form.  |  KYC is a one-time process. Once completed through a SEBI-registered intermediary, you do not need to repeat it with another intermediary.  |  Update your mobile number and email ID with your stock broker to receive transaction alerts directly from the Exchange.