Gold price today: Gold rates edged up in the domestic futures market in the morning session on Tuesday, December 24, supported by positive global cues. However, a rise in the US dollar and elevated bond yields capped the gains for the yellow metal.
According to Reuters, the dollar held near a two-year high, helped by elevated US Treasury yields.
In international markets, gold prices climbed as investors digested the prospects of less aggressive interest rate cuts by the US Federal Reserve next year.
In the previous session, the gold February futures contract settled with a loss of 0.36 per cent at ₹76,144 per 10 grams amid mixed US economic data and a rebound in the dollar index and the US bond yields.
“The US consumer confidence index fell in December and dropped to 104.7 against November’s revised reading of 112.8. The sharp decline in consumer confidence during the holiday season increased worries about the economy’s health but…
