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Commodity Mid Session News

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(01 Sep 2025, 14:36)

MCX Gold hits intraday peak of Rs 105937 amid global uncertainty

Gold prices surged to fresh highs of $3557.1 per ounce in Asian trades on Monday, boosted by a weaker dollar and growing expectations of a US rate cut. Sentiment was further lifted after a federal appeals court ruled President Trump’s global tariffs illegal, adding fresh uncertainty to trade policy. The dollar index slipped toward one-month lows as investors turned focus to a packed week of US labor data, which will guide the Fed’s next move. On the domestic front, MCX October bullion futures jumped over 1% to ₹104900 per 10 grams, after hitting an intraday peak of ₹105937 earlier in the session.
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