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As on : 30-Jan-2025
Other Markets - Bullion Markets
30-Jan-2025     14:23

Gold rockets hits fresh highs of $2810; up 6% in January

Gold futures soared to $2810 in Asian trades, gaining over 6% in January as investors reassessed the Fed's policy outlook. The ECB is expected to cut rates by 25bps, boosting non-yielding gold. Meanwhile, the Fed maintained a hawkish stance, citing persistent inflation and strong economic conditions. The dollar index steadied at 107.7 after a volatile session. Traders now await the PCE price index and ECB policy decision. MCX April gold futures surged past Rs 81,200 per 10g, with resistance at Rs 81,400 and Rs 81,700.

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