JKB Financial Services Ltd.

As on : 09-Dec-2025

Other Markets - Bullion Markets
09-Dec-2025 14:55

Gold gains modestly while markets brace for a potential Fed rate cut

Gold futures advanced in mid electronic trades on Tuesday, with international prices up 0.3 percent at $4232 per ounce after briefly touching $4197 earlier in the session. MCX February bullion hovered near ₹130012 per 10 grams, reflecting a restrained domestic tone even as global sentiment improved. Traders moved cautiously ahead of the Federal Reserve's two-day policy meeting, where a widely expected rate cut may be paired with a hawkish message on the 2026 outlook. The World Gold Council continued to highlight steady underlying demand despite near-term volatility, lending a measure of support to bullion. Market attention is also on the delayed October JOLTS report due later today, followed by weekly jobless claims and US trade data. Investors additionally monitored policy decisions from Australia, Canada and Switzerland, all expected to maintain rates, contributing to a broadly watchful global macro environment.

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