BARGAIN BUYING LIFT GOLD; EYES ON US DATA

Published on Jan 14, 2025 15:47

Gold steadied around $2,680 per ounce on Tuesday, recovering from a 1% fall in the prior session as the dollar index eased slightly to 109.4. On MCX, February gold futures rose ₹46 to ₹78,212 per 10 grams, with resistance at ₹78,500. Market focus is on upcoming U.S. inflation, retail sales, and jobless claims data, which could influence the Federal Reserve`s interest rate outlook. Signs of U.S. economic resilience continue to dampen expectations for rate cuts this year.