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As on : 09-Feb-2026

Other Markets - Bullion Markets
09-Feb-2026 15:01

Gold gains steam as investors brace for jobs and CPI reports

Gold surged more than 1% in the electronic trades on Monday, rising above $5,050 per ounce in electronic trading as investors positioned for key US economic data later this week. A softer US dollar, which fell 0.3% to 97.22, added support to the yellow metal ahead of the January jobs report, December retail sales, and the delayed CPI release. Markets currently anticipate the Federal Reserve will keep interest rates steady in March, with potential cuts later in the year. On the MCX, April gold futures rose 1.3% to Rs 157,450 per 10 grams, while March silver futures jumped nearly 5% to Rs 260,750 per kg. Traders are closely monitoring these data points for clues on inflation and the labor market, which could shape the Fed's policy decisions. Safe-haven demand remains a key driver, as geopolitical and economic uncertainties continue to influence investor sentiment.

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