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Gold bulls rush towards $4,900, metal hits another record
21-Jan-2026 15:19
Gold extended its strong rally toward $4,900 per ounce in early electronic trade, scaling a fresh record as escalating tensions over Greenland and President Trump's tariff threats against eight European nations intensified safe-haven demand. Further support came from a softer US dollar, with the dollar index slipping near 98.5 for a third straight session amid waning confidence in US assets. On the domestic front, MCX February gold futures surged nearly 5% to trade around ₹1,57,650 per 10 grams, while investors now await the delayed US PCE inflation data later this week for clearer signals on the Federal Reserve's rate outlook.

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