GLOBAL UNREST AND INFLATION CONCERNS PUSH GOLD TO RECORD LEVELS

Published on Feb 11, 2025 14:29

Gold futures soared to a historic $2968.5 per ounce, propelled by surging safe-haven demand as investors navigated deepening trade tensions and geopolitical turmoil. The suspension of hostage releases by Hamas over alleged Israeli ceasefire violations heightened uncertainty, adding to gold�s bullish momentum. Meanwhile, a strengthening dollar, buoyed by President Trump�s latest tariff policies, posed resistance, yet inflationary fears and potential Fed rate constraints provided underlying support. Traders eagerly awaited Fed Chair Powell�s testimony and key US inflation data, which could shape future monetary policy moves. On MCX, gold futures retreated ₹300 after touching ₹85950 per 10 grams in the previous session, reflecting some profit booking after the sharp rally.