India Gold April futures consolidated with a positive bias just below 42,000 on March 3 but experts believe that the volatility may continue even though the larger trend continues to remain positive
International spot prices rose as traders bet on the interest rate cut by global central banks to mitigate the economic impact from the fast-spreading coronavirus outbreak, Reuters reported.
Traders on Monday piled into bets that the US Federal Reserve will deliver a big dose of stimulus starting this month amid concerns over the economic impact and indications that global central banks are readying a monetary rescue, it said.
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