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As on : 03-Dec-2024
Other Markets - Bullion Markets
03-Dec-2024     14:12

Gold steady above $2663; MCX bullion at ₹76,753

Gold held firm above $2663 per ounce in Asian trade on Tuesday as markets focused on key US jobs data and Fed speeches for monetary policy cues. Fed officials hinted at a potential rate cut, with markets pricing a 75% chance of a 25bps reduction at the December meeting. A weaker dollar, dipping below 106.5, further supported gold. Geopolitical tensions in the Middle East, including Israel-Hezbollah clashes, also bolstered safe-haven demand. On MCX, February bullion futures rose ₹66 to ₹76,753 per 10 grams.

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