Rising yields keep Gold futures under check
(17:16, 02 Sep 2026)
Gold futures fell nearly 1% on Wednesday, reaching about $4,360 an ounce due to rising inflation risks and expectations of more rate hikes from the Fed. Increased tensions in the Middle East raised concerns over energy-driven inflation, pushing bond yields up and the dollar to a two-week high. MCX October gold futures dropped 0.9% to Rs.1,50,413 per 10 grams. Support levels are at Rs.1,49,500 and ?1,49,100.