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As on : 03-Sep-2024
Other Markets - Bullion Markets
03-Sep-2024     14:10

Gold climbs as US jobs data keeps markets on edge

Gold prices edged up above $2535 per ounce in Tuesday's Asian electronic session, extending a pullback from last week's record highs as investors await key US economic data. The dollar index held steady around 101.6, with market participants focused on upcoming US jobs data, including ISM surveys, JOLTS job openings, ADP employment, and non-farm payrolls, which could shape the Federal Reserve's decision on interest rate cuts. Recent Fed comments have emphasized concerns over the labor market, signaling potential easing. Meanwhile, MCX October bullion futures climbed by Rs 129 to Rs 71730 per 10 grams.

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