Gold Nears $3420 on Fed Cut Hopes

  Published 8 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.

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