Gold price today, March 26 -- After declining in early deals, gold rates rebounded in the domestic futures market on Wednesday as uncertainty surrounding US President Donald Trump's tariff policies remains a key support for the yellow metal. MCX Gold April 4 contracts were 0.24 per cent up at Rs.87,763 per 10 grams around 11:50 AM.
Wednesday's gold price rise could be due to persisting global uncertainty and weaker US macro data.
According to Reuters, the Conference Board's consumer confidence index tumbled 7.2 points to 92.9 this month, the lowest level since January 2021. The measure of future expectations is the lowest in 12 years and well below the 80 mark. This signals US consumers anticipate a recession ahead.
There are mixed sig...
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