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Commodity News

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(05 May 2025, 09:13)

Precious Metals Preview: COMEX gold edges higher in early Asia


COMEX gold futures added some momentum but continue to steady around a three week low on Monday morning in Asia. Dollar index easing below 100 mark and uncertainty surrounding trade tensions between US and China continues to keep the yellow metal supported. Both the countries are yet to finalize a deal amid tariff vows. Investors are now turning their attention to the U.S. Federal Reserve’s policy meeting later this week for further cues on rate stance. Meanwhile, nonfarm payrolls in the United States rose by 177K in April, according to the US labor data on Friday. Currently, the counter is quoting at $3264.10 an ounce, up 0.64% on the day.

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