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Commodity News Details
Weekly Gold Review: COMEX futures race near six-week high following Fed rate cut
13-Dec-2025 12:51
COMEX Gold futures raced up near six-week highs after breaking above $4300 per ounce. The metal ended at $4330 per ounce, adding around 2% for the week. The metal has been rising after the US Fed decided to lower the target range for the federal funds rate by 25 basis points to 3.50 to 3.75 percent. The yellow metal has zoomed this week and is being well supported amid feeble undertone in the US dollar. Demand is holding up well for Gold despite elevated prices as China's central bank added to its gold reserves for a 13th straight month. Meanwhile, the US Fed has stated that it would imminently start buying short-dated government bonds to help manage market liquidity levels. This is highly positive for Gold and could lift the metal towards fresh record highs. MCX Gold is finding this bullish and a weak INR is pushing the counter up further as it tested Rs 135000 per 10 grams mark. Meanwhile, latest media reports state that India's the Pension Fund Regulatory and Development Authority (PFRDA) has allowed National Pension System (NPS) funds to add gold and silver ETFs along with several other assets.

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