Gold Nears $3420 on Fed Cut Hopes

  Published 11 months ago

Gold climbed toward $3420/oz on rate cut bets, weak US jobs data, and rising trade tensions under new US tariffs.

  • MCX gold futures gained 0.7%, reaching ₹100458 per 10 grams on Monday amid rising investor demand.
  • The dollar index fell below 99 after weak US job data raised the chances of a near-term Fed rate cut.
  • Global focus shifts to PMIs, China trade data, and key central bank meetings from the RBI and BOE this week.

You might like these

Indian Stocks Rally on Trade Relief & RBI Boost

Adobe and Lumen Boost B2B Marketing with AI

India’s Urban Boom Needs Climate Focus

Markets Edge Up as L&T Boosts Sentiment

Hyundai, Kia Sell Ola Electric Stakes Amid Falling Shares

Nestlé Q3 Growth, Jobs Cuts, New CEO

APAR Industries Q1 Profit Surges 30%

News that matters the most ⚡