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Commodity News Details
Bullion softens as dollar firmness offsets haven appeal
10-Feb-2026 14:57
Gold futures edged lower on Tuesday, slipping below the $5,070 per ounce mark as a firmer US dollar and pre-data caution weighed on prices. Market focus has shifted squarely to upcoming US labour and inflation readings, which are expected to refine expectations around the Federal Reserve's policy trajectory. While geopolitical tensions continue to lend underlying support to safe-haven demand, near-term price action remains restrained as investors await clarity on the timing and magnitude of potential rate cuts. On the domestic front, MCX April gold futures eased 0.3% to ₹1,57,669 per 10 grams, and is seen consolidating in narrow range after record rally to Rs 190000 late last month.

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