Gold hits 3-month high as Fed rate outlook shifts; India demand picks up
Gold prices surged to a three-month high, trading above $4,630 per ounce, driven by a weaker dollar and easing US Federal Reserve rate hike expectations. In India, demand has increased as the festive season approaches, with prices around ₹1.6 lakh per 10 grams. Investors are now awaiting the Fed Chair's speech this week for further insights.