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Precious Metals Preview: COMEX gold hovering around 6-week high
03-Dec-2025 09:13

COMEX gold is accelerating gains around a six week high on Wednesday morning in Asia amid growing expectations of Federal interest rate cut in its upcoming December policy. Persistent weakness in dollar overseas is also keeping the yellow metal supported. Besides, chatter about Trump mentioning Hassett as a potential Chairman who is known for his dovish stance is also boding well for the precious metal that is currently quoting at $4253.20 an ounce, up 0.77% on the day. Looking ahead, upcoming monthly US ADP Employment Change data and the ISM Services PMI would be closely monitored for further cues. On the MCX, gold futures are staying higher above Rs 130000 per 10 grams.

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