Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Domestic gold futures hit record highs as weaker dollar, soft US jobs data and Fed rate-cut bets lift prices</h1> Gold futures in the domestic market surged to record highs, with December delivery reaching Rs 1,10,047 per 10 grams and October contracts also hitting new peaks, driven by parallel all-time highs in overseas Comex futures. The rise, quantified as increases of roughly 0.4-0.44%, was attributed to weaker US dollar conditions following softer-than-expected US labor data and growing market expectations of multiple Federal Reserve interest-rate cuts this year. The price movement reflects short-term speculative and macroeconomic drivers affecting commodity futures pricing and market participants' interest-rate sensitivity.