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Commodity News Details
Gold eases marginally ahead of non-farm payrolls
01-Aug-2025 13:06
COMEX Gold futures are witnessing sideways moves but are largely holding onto a recovery after testing lows near $3300 per ounce. Last three months have been very choppy for the counter and a firm US dollar index, which hit around two-month high of near 100. COMEX Gold futures are currently trading at $3341 per ounce, down 0.22% on the day. Trade frictions and their impact on global growth are still turning out to be largely supportive factors for Gold. The US President Donald Trump has announced new tariffs on 69 countries, set to go into effect on 07-August. The US non-farm payrolls data is due today and Gold is likely to keep a tight range ahead of it. MCX Gold futures are trading at Rs 98439 per 10 grams, down 0.33% on the day. The counter eased from highs around Rs 98700 mark.

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