Other Markets - Bullion Markets
Gold hovers near $2660 as markets brace for payroll data As on : 04-Dec-24  14:52

Gold traded in a tight range near $2660 per ounce in Asia on Wednesday, as investors tread cautiously ahead of key payroll data. Strong US job openings have reinforced market resilience, with traders now eyeing the ADP private payrolls report due later today and Friday's nonfarm data for further cues. Adding to the mix, Fed Chair Jerome Powell's speech later today could stir market sentiment, with a 75% probability of a December rate cut already baked in. Geopolitical uncertainties in South Korea, France, the Middle East, and Ukraine continue to bolster gold's safe-haven allure. On the domestic front, bullion futures dipped ₹100 to ₹76,800, finding expected support around ₹76,700 and ₹76,450.

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