Gold futures gained 0.5% to $4250 per ounce on Thursday, supported by a softer dollar below 98.5 after the Fed's third 25bps rate cut and a dovish outlook for 2026. Silver also surged, hitting a fresh all-time high of $63.25 per troy ounce, reflecting strong safe-haven demand amid geopolitical risks, including the US interception of a sanctioned tanker near Venezuela and uncertainty over the Russia-Ukraine peace process. The Fed announced plans to buy $40 billion in short-term Treasury bills starting December 12 to support liquidity. Economic projections were revised higher for 2026 growth at 2.3%, while inflation forecasts were trimmed to 2.4%'2.5%. On MCX, February gold futures traded 0.8% higher at ₹130846 per 10 gr
Powered by Capital Market - Live News