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As on : 03-Jul-2025

Other Markets - Bullion Markets
03-Jul-2025 15:19

Gold range-bound as markets await crucial jobs numbers

Gold hovered near $3360 per ounce on Thursday, moving in a narrow range as investors stayed cautious ahead of the crucial US non-farm payrolls report. With the dollar also trading near a 3.5-year low at 96.5, markets remained focused on signals that could shape the Federal Reserve's rate trajectory. Expectations for a potential rate cut as early as July gained traction after ADP data on Wednesday showed a surprise decline in private payrolls, with June employment falling by 33,000'raising concerns over a cooling labor market. The subdued momentum in both gold and the dollar underscores the high-stakes nature of Friday's job numbers. On the domestic front, MCX August delivery gold futures slipped 0.3 percent to ₹97119 per 10 grams.

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