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Commodity News Details
Gold flares up above $4400 per ounce as Russia-Ukraine worries boost safe-haven appeal
02-Jan-2026 17:24
COMEX Gold futures rebounded today, witnessing good gains after testing a three-week low in last session. The global markets are now slowly showing signs of normalcy as traders are coming back from Christmas and New Year holidays. COMEX Gold soared 1.50% to trade at $4406 per ounce. The US dollar index is hovering around 98 mark, consolidating in a tight range amid lack of major economic cues. Gold raced up as Ukraine and Russia continued to exchange drone strikes on energy grids. Ukraine's President has stated that he won't sign a weak deal to end the war, keeping markets guessing about a likely end to the warfare which escalated in Feb-22. Meanwhile, MCX Gold futures jumped 0.80% to trade at Rs 136900 per 10 grams.

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