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GOLD EASES ON PROFIT-TAKING BUT DOLLAR WEAKNESS OFFERS SUPPORT

Published on Dec 04, 2025 14:53

Gold futures hovered near $4200 per ounce in Asian trades on Thursday, easing after profit-taking capped this week�s rally toward $4300. Even so, bullion remained underpinned by a weakening US dollar, with the dollar index holding below 99 after ADP data showed a surprise 32,000 drop in private payrolls, strengthening expectations of a Fed rate cut. Caution also grew ahead of next week�s FOMC outcome. On the domestic front, MCX February gold slipped 0.6% to Rs 129640 per 10 grams, while the Indian rupee breached the 90-per-USD mark, hitting a record low amid delays in finalizing a long-awaited US trade pact. The rupee�s 5% slide this year marks its sharpest fall since 2022, placing it among Asia�s weakest currencies.

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