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Precious Metals Preview: COMEX gold stays supported above 3K mark
24-Mar-2025 09:03

COMEX gold is staying largely unchanged on Monday morning in Asia after reaching an all-time high last week amid hopes for a Ukraine peace deal. Meanwhile, Fed's potential rate cuts and ongoing economic uncertainties could cap downside for the yellow metal. Currently, gold is trading at $3021.80 an ounce. MCX Gold futures are staying around Rs 88000 per 10 grams. A sustained bout of strength in the Indian Rupee led to accelerated losses for local Gold futures from these levels. INR neared 86 per US dollar, hitting near two month high. This eventually played a part in pulling MCX Gold futures under Rs 88000 per 10 grams.

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