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BULLION AT RECORD HIGHS, MCX GOLD HITS PEAK OF ₹105400

Published on Sep 02, 2025 14:58

Gold hovered near record highs of $3580 per ounce on Tuesday, with sentiment lifted by expectations of a Federal Reserve rate cut at this month�s meeting. Traders are now awaiting Friday�s nonfarm payrolls report, which could determine the size of the move after last week�s inflation data reinforced hopes for easing. Safe-haven demand remained firm as questions over Fed independence resurfaced following President Trump�s dismissal of Governor Cook, a case still tied up in legal disputes. At the same time, uncertainty over US tariffs lingered after a federal appeals court ruled most of Trump�s measures illegal but allowed them to stay in place until October 14 pending further appeals. On MCX, October gold futures ticked higher to ₹105358 per 10 grams, keeping pace with international momentum.

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