Gold futures dipped below $3700 per ounce in Asian trade on Thursday, extending losses as a stronger US dollar pressured sentiment. The dollar index held near 96.7 after the Federal Reserve's quarter-point cut, with Chair Jerome Powell signaling caution on further easing. Despite the pullback, bullion remains over 40% higher year-to-date, supported by Fed policy expectations, geopolitical tensions, and central bank demand. On the domestic front, MCX October delivery futures were down 0.35% at ₹109490 per 10 grams. Traders now await fresh US data for cues on the Fed's policy path, while central bank demand continues to provide a strong floor for prices.
Powered by Capital Market - Live News