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Commodity Mid Session News

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(31 Dec 2025, 13:21)

Gold slumps around 1%

COMEX Gold futures saw selling pressure yesterday amid heavy volatility. The US dollar index edged up a bit after the minutes of the Federal Reserve's latest monetary policy meeting revealed participants expressed a "range of views" about the restrictiveness of the Fed's current monetary policy stance. Some participants also felt it would likely be appropriate to keep rates unchanged for "some time" following the quarter point rate cut at the December meeting. The metal had tested near two-week low on Monday amid an across-the-board tumble in metals. The precious metal currently quotes at $4344 per ounce, down around 1% on the day. MCX Gold futures are down 0.78% at Rs 135600 per 10 grams.
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