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Rising yields keep Gold futures under check
02-Sep-2026, 05:16
Gold futures fell nearly 1% on Wednesday, reaching about $4,360 an ounce due to rising inflation risks and expectations of more rate hikes from the Fed. Increased tensions in the Middle East raised concerns over energy-driven inflation, pushing bond yields up and the dollar to a two-week high. MCX October gold futures dropped 0.9% to Rs.1,50,413 per 10 grams. Support levels are at Rs.1,49,500 and ?1,49,100.
Gold futures fell nearly 1% on Wednesday, reaching about $4,360 an ounce due to rising inflation risks and expectations of more rate hikes from the Fed. Increased tensions in the Middle East raised concerns over energy-driven inflation, pushing bond yields up and the dollar to a two-week high. MCX October gold futures dropped 0.9% to Rs.1,50,413 per 10 grams. Support levels are at Rs.1,49,500 and ?1,49,100.