Gold Continues to Shines; Dollar Steady ahead of Jobs Report

Published on Apr 02, 2024 14:41

Gold futures climbed 1% in Asia electronic trades, while the dollar index approached 105 ahead of the upcoming Jobs report. The dollar`s strength persisted, reaching levels near its mid-February highs, as traders awaited key US economic indicators, including the jobs report, JOLTS, and ISM Services PMI. Federal Reserve Chair Powell is scheduled to speak on Wednesday, reiterating his stance from last Friday that rate cuts would not be considered until inflation is under control. MCX bullion futures for June contract rose by Rs 489 to Rs 68,820 per 10 grams.