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PRECIOUS METAL POISED FOR 3% WEEKLY ADVANCE AMID FED EASING BETS

Published on Sep 05, 2025 14:47

Gold futures eased beneath the $3600 threshold on Friday, consolidating after touching a record high of $3640.10 earlier in the week. Despite the pullback, the metal remains on course for a weekly gain exceeding 3%, underpinned by safe-haven inflows and heightened expectations of imminent Federal Reserve policy easing. The dollar index slipped below 98 as market participants awaited the August nonfarm payrolls report, following a subdued ADP print of 54,000 jobs that reinforced dovish sentiment. Elevated geopolitical frictions, concerns over the Fed�s autonomy under President Trump�s influence, and persistent global trade uncertainties further buoyed demand for bullion. On the domestic front, MCX October gold futures advanced 0.26% to ₹106698 per 10 grams, reflecting resilient investor appetite.

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