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Commodity News Details
Precious Metals Preview: COMEX gold extends downside in early Asia
08-Jan-2026 09:11

COMEX gold futures are extending downside on Thursday morning in Asia from around record high levels. Firming DXY is seen contributing to decline in the yellow metal. Easing geopolitical tensions also reduced safe haven demand for the previous metal. Data yesterday showed economic activity in the US service sector improved slightly in December, with the ISM Services PMI ticking higher to 54.4 from 52.6 in November. However, all eyes stay glued to upcoming nonfarm employment data. The counter is currently quoting at $4449.90 an ounce, down 0.28% on the day.

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