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As on : 08-Jan-2026

Other Markets - Bullion Markets
08-Jan-2026 14:37

Gold retreats despite elevated geopolitical tensions

Gold futures slipped nearly 1% to around 4423 per ounce on Thursday, extending losses from the previous session as investors digested mixed US economic data. The decline was driven largely by a stronger dollar, with the dollar index hovering near 98.6 and marking a third straight session of gains. Geopolitical developments remained in focus, with Washington outlining plans to take long-term control over Venezuelan crude sales and seizing additional Venezuelan-linked oil tankers. The White House also confirmed discussions on acquiring Greenland, including the possibility of military involvement, keeping global uncertainty elevated. In the domestic market, MCX February gold futures traded lower by 0.7% at ₹137095. Market attention now shifts to US weekly jobless claims and the December employment report for further direction.

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