Whalesbook
Gold and silver prices jumped significantly on Tuesday, with gold surging over Rs 1200 and silver by Rs 2518 on MCX. This rebound is driven by increasing optimism that the US Federal Reserve may cut interest rates next month, a sentiment bolstered by an 81% probability indicated by the FedWatch tool. However, a strengthening Indian rupee limited gold's upward movement by making imports cheaper. Market expert Anuj Gupta maintains a BUY call on both commodities.