Gold price holds Rs 1.34 lakh/10 g, silver firm above Rs 2 lakh/kg. Is the precious metals rally far from over?

Gold and silver prices saw a minor pullback on MCX today. Investors are closely watching global cues for potential monetary policy shifts. US inflation data came in lower than expected, impacting gold’s appeal. The dollar strengthened, making metals less attractive. All eyes are now on the PCE price index for further clarity on the Fed’s stance.