GOLD JUMPS NEAR THREE MONTH TOP

Published on Jan 24, 2025 16:23

COMEX Gold futures saw excellent gains today, holding onto recent rebound as the metal neared highest levels in three months amid weak US dollar and sustained positive outlook towards the precious commodity. COMEX Gold futures are currently trading at $2779 per ounce, up 0.55% on the day. Gold jumped as US dollar index slumped following hopes of easy monetary policy. US President Donald Trump stated yesterday that he demanded that interest rates should be dropped immediately. This took a toll on the US dollar index as it continued to fall from around two year high. Dollar index has slipped near 107 mark, testing five week high today. MCX Gold soared amid these cues, hitting Rs 80000 per 10 grams mark and currently quotes at Rs 79989 per 10 grams, up 0.46% on the day.