Gold price today: Rates jump on positive global cues; US jobs data in focus; experts unveil strategy for MCX Gold | Stock Market News
Source: Live Mint
Gold price today: Gold rates climbed in the domestic futures market in the morning session on Friday, January 10, amid positive global cues. However, rising US bond yields and a strengthening US dollar capped the precious metal’s gains. MCX Gold traded 0.22 per cent higher at ₹78,272 per 10 grama around 9:15 AM on Friday.
Gold prices hovered near a four-week high in international markets. According to Reuters, the yellow metal is poised for its best week since mid-November. However, US treasury yields near eight-month highs loom as a key risk for gold prices.
The focus is now on the US jobs data, to be out later today. This will influence expectations about the US Federal Reserve’s interest rate path in the near future.
to come…
