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As on : 14-Jan-2025
Other Markets - Bullion Markets
14-Jan-2025      15:47

Bargain buying lift gold; eyes on US data

Gold steadied around $2,680 per ounce on Tuesday, recovering from a 1% fall in the prior session as the dollar index eased slightly to 109.4. On MCX, February gold futures rose ₹46 to ₹78,212 per 10 grams, with resistance at ₹78,500. Market focus is on upcoming U.S. inflation, retail sales, and jobless claims data, which could influence the Federal Reserve's interest rate outlook. Signs of U.S. economic resilience continue to dampen expectations for rate cuts this year.

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