Other Markets - Bullion Markets
Gold reaches new heights as safe-haven demand surges As on : 24-Sep-24  15:02

International gold futures soared to record levels above $2,660 per ounce, reflecting increased demand for safe-haven assets amid escalating geopolitical tensions, particularly following the recent Israeli strikes on Lebanon. Notably, MCX October bullion futures traded at ₹74,628, less than ₹500 shy of the all-time high of ₹75,128 reached in July. The market sentiment is further buoyed by expectations of a less restrictive monetary policy, while investors eagerly await the upcoming PCE report for insights into future rate adjustments. The dollar index slipped below 101, contributing to gold's appeal.

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