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GOLD ADDS $100 IN FRESH BREAKOUT AS RISK AVERSION SPIKES

Published on Jan 12, 2026 14:19

Gold extended its strong rally on Monday, rising more than 2% to a fresh record high of $4,612 per ounce, as political uncertainty and heightened geopolitical tensions boosted demand for safe-haven assets. Concerns over the Federal Reserve�s independence and a softer US dollar, easing toward 98.5, further supported bullion prices. The move was reinforced by expectations of US rate cuts after December jobs data showed a sharper-than-expected slowdown in hiring. Markets are pricing in two rate reductions this year, while attention now turns to this week�s US inflation report for clues on the Fed�s policy outlook. Geopolitical risks remained elevated as protests in Iran entered a third week, keeping risk sentiment fragile. In the domestic market, MCX February gold futures climbed nearly 2% to ₹1,41,500 per 10 grams, mirroring the global surge in prices.

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