Gold under pressure as Fed signals spark volatility. Should traders be concerned?
Gold prices opened lower on Friday, with the December futures contract on MCX slipping Rs 305 or 0.25% to Rs 1,21,203 per 10 grams. This comes after bullion posted a 4.5% gain so far this month, but traders are now recalibrating expectations for a December rate cut following recent hawkish remarks from US Federal Reserve…