Gold Edges Up on Bargain Buying

Published on Feb 15, 2024 14:21

Gold futures saw a slight uptick in Asian electronic trading, rebounding after slipping below the $2000 per ounce mark. The US dollar`s recent strength had dampened gold`s appeal, reaching three-month highs at 104.86 following robust inflation data. Investors are now awaiting January retail sales and weekly unemployment claims figures, as well as further Federal Reserve commentary, for insights into monetary policy. MCX April delivery bullion futures traded at Rs 61388 per 10 grams, down Rs 55 from the previous session`s low of Rs 61190.