GOLD EASES BELOW $2660, SILVER STEADY ABOVE $30

Published on Jan 06, 2025 15:01

Gold futures dipped below $2,660 per ounce on Monday as markets awaited key U.S. data, including job openings, Fed minutes, and the non-farm payrolls report, to assess the Federal Reserve`s stance on rate cuts. Silver futures held steady above $30 per troy ounce, supported by optimism about China`s economic outlook, the world`s largest silver consumer. Over the weekend, Fed officials Mary Daly and Adriana Kugler hinted at a cautious approach to rate adjustments in 2024. On the MCX, February gold futures fell by ₹177 to ₹77,140 per 10 grams. Silver prices remained firm amid stable market sentiment.