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The downgrade of the US credit rating by Fitch has brought the focus back on investments in safe-haven assets such as Gold. The Fitch on Tuesday downgraded the US credit rating by a notch to 'AA+' from 'AAA'.
On Wednesday, MCX Gold and Silver futures logged smart gains in intra-day deals, but eventually the rally fizzled out. The
On Wednesday, MCX Gold and Silver futures logged smart gains in intra-day deals, but eventually the rally fizzled out. The
MCX Gold October futures rallied 0.7 per cent to a high of Rs 59,811, but finally ended with a modest gain of 0.1 per cent at Rs 59,471 on Wednesday. Whereas, Silver futures gained 1.2 per cent in intra-day deals, but ended 1.3 per cent lower at Rs 72,960.
Analysts say that the rating downgrade, reflects heightened concerns over the stability of global
