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Commodity News Details
Precious Metals Preview: COMEX gold extends optimism into New Year
02-Jan-2026 08:39

COMEX gold stays optimistic on Friday morning in Asia tracking relentless weakness in dollar overseas. DXY slipped under 98 mark weighed down by policy uncertainty following President Donald Trump's tariff measures. The yellow metal is bolstered by the prospect of further US interest rate cuts in 2026 and safe-haven flows. Gold finished 2025 with a significant rally, achieving an annual gain of around 65%, its biggest annual gain since 1979. Currently, the counter is trading at $4375 per ounce, up 0.78% on the day. MCX gold however edged down and is seen around Rs 135690 mark, per 10 gms.

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