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Commodity News Details
Gold steadies near $3380 ahead of Fed meet
19-Aug-2025 14:39
Gold futures traded slightly higher at $3380 per ounce on Tuesday as investors awaited the Federal Reserve's Jackson Hole symposium for clarity on future policy moves. The dollar index eased below 98 after President Trump revealed he was working to arrange a meeting between Russian President Putin and Ukrainian President Zelenskiy, boosting hopes for peace talks though skepticism remains high. On MCX, October bullion futures slipped 0.21% below the ₹1 lakh per 10 grams mark. With geopolitical risks and monetary policy uncertainty in focus, gold continues to draw safe-haven interest despite recent bouts of profit booking.

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