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Commodity News Details
Gold extends rally as Fed cut bets strengthen
28-Nov-2025 15:14
Gold futures climbed above $4200 per ounce on Friday, nearing a five-week peak as conviction grew around a December Federal Reserve rate cut. A chorus of dovish remarks from Fed officials, combined with delayed economic data revealing renewed softness, strengthened expectations of further easing. Adding momentum, Kevin Hassett, widely viewed as a leading contender to succeed Jerome Powell, aligned himself with President Trump's call for an imminent rate reduction. The dollar index steadied around 99.6 but remains down about 0.5% for the week as markets price in additional cuts. On the domestic front, MCX February bullion futures traded at ₹128100 per 10 grams, up 0.3%, reflecting firm underlying sentiment.

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