Sensex: 83,239.47 (-0.13%)

Nifty: 25,370.70 (-0.14%)

anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

Technology . Transparency . Trust

Contact Us
Apply For IPO

MARKET

Commodity News Details
Weekly Gold Review: COMEX futures break above $2700 per ounce on trade tensions
08-Mar-2025 14:25
COMEX Gold futures broke above $2900 per ounce mark amid escalating global trade tensions. A weaker US dollar, with the index dipping below 104, gave commodities some breathing room ahead of the key US jobs report. Market nerves stayed high as Trump extended tariff relief for Mexico and Canada until April 2, while China prepared fresh retaliatory measures. Mixed US jobs data added to the uncertainty, with layoffs hitting a 2020 high even as jobless claims improved. Demand side remained well supported for Gold. According to a latest update from the World Gold Council or WGC, global gold ETFs demand surged in February, adding US$9.4bn, with North America (+US$6.8bn) reporting their strongest month since July 2020. European inflows narrowed (+US$151mn), while Asia showed strength (+US$2.3bn). Strong inflows and a higher gold price pushed total AUM to another month-end peak of US$306bn and holdings rose 100t to 3,353t. Global gold trading volumes rose further, averaging roughly US$300bn/day in February. LBMA volumes climbed, as dealers moved gold in response to US tariff concerns, and activities at exchanges increased modestly, WGC noted.

Powered by Commodity Insights

Attention Investor
As per CDSL communiqué Kindly update your Email ID, Mobile Number & Income Range in CDSL demat Account on or before 31st May 2021, Non Compliance Account will be INACTIVE after 31st May 2021. | Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors.  | "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account." | "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."    Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of Investors.