GOLD RALLIES ON BARGAIN HUNTING, FRAGILE DOLLAR
Published on Jun 30, 2025 14:26
Bullion futures ascended above the $3300 mark in Asian trading hours on Monday, staging a notable recovery after last week`s nearly 3% decline. The rebound was underpinned by renewed bargain buying and a pronounced retreat in the US dollar, which slipped to 96�its weakest level since February 2022�amid mounting fiscal headwinds and increasingly dovish signals from the Federal Reserve. August bullion futures on MCX edged 0.5% higher to ₹95940 per 10 grams. Market participants are now turning their focus to a series of pivotal US labor market releases this week, including JOLTS job openings, the ADP employment report, and Friday�s non-farm payrolls data, all of which could prove instrumental in shaping near-term monetary policy expectations and further influencing bullion�s trajectory.
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