News Snapshot:
Gold Price Today, 17 June 2021, tanks to one-month low post US FOMC outcome; MCX silver below Rs 71,000 Last week’s announcement by the Federal Reserve that they might make two interest rate hikes in 2023 and talking about timeline to taper their asset purchases sent the equities and precious metals markets into a meltdown last week. But now we are witnessing complete turnaround in both equities and precious metals as they have started yielding strong gains. This was prompted after US Fed made it clear that they would continue to let inflation run hot compared to their previous monetary...
