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Commodity News Details
Gold futures recover above $3270 with fed outlook in spotlight
13-May-2025 14:57
Gold futures climbed above $3270 per ounce in Asian electronic trades on Tuesday, recovering from a steep 3 percent loss in the previous session. MCX June bullion surged over ₹1200, breaching ₹94000 as investors returned to gold after a temporary dip in haven demand. The US-China 90-day tariff pause had initially triggered risk-on sentiment, weakening gold. However, caution resurfaced as traders shifted focus to upcoming US economic data. The dollar index held firm near 101.4, and all eyes are now on the CPI report and retail sales figures, which could shape the Fed's next move.

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