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As on : 04-Sep-2025

Other Markets - Bullion Markets
04-Sep-2025 14:37

Gold rally pauses; investors brace for key labor data

Gold slipped under $3600 per ounce on Thursday, pausing its record-breaking rally as traders turned their attention to upcoming US labor releases, including jobless claims, ADP data, and nonfarm payrolls. A deeper-than-expected drop in July job openings has already reinforced expectations of a September Fed rate cut, keeping overall sentiment supportive. Broader uncertainty also lingered, with the Trump administration appealing a ruling that overturned most of its global tariffs, raising the stakes for a possible Supreme Court showdown. On the domestic front, MCX October bullion futures fell nearly 1% to ₹106225 per 10 grams, retreating from a lifetime high of ₹107226 hit in the prior session. While prices have cooled, gold remains elevated near historic levels, underpinned by safe-haven flows and monetary easing prospects.

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