Gold prices slipped on the MCX but edged higher internationally as easing Treasury yields supported demand. However, rising oil prices and renewed inflation concerns could limit the scope for US rate cuts, weighing on gold. With traders pricing a 35% chance of a September rate hike, experts Christopher Wood and John Paulson see the recent correction as a buying opportunity.
Gold prices slipped on the MCX but edged higher internationally as easing Treasury yields supported demand. However, rising oil prices and renewed inflation concerns could limit the scope for US rate cuts, weighing on gold. With traders pricing a 35% chance of a September rate hike, experts Christopher Wood and John Paulson see the recent correction as a buying opportunity.
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