Mumbai, Oct. 30 -- Gold futures on the COMEX slipped back under $4K mark on Thursday morning in Asia after Fed Chair Jerome Powell remarked that another rate cut in December is uncertain. Federal Reserve Chair Jerome Powell stated at the post-meeting press conference that another rate cut in December is far from certain,pushing the yield on the 10-year Treasury above 4%. Meanwhile, investors await cues as US President Donald Trump and Chinese President Xi Jinping are set to meet later today in South Korea.the yellow metal is currently quoting at $3942.50 an ounce, down 1.458% on the day.
Published by HT Digital Content Services with permission from Capital Market....