November, 26 2025 Wednesday 06:42 Hrs
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Pre Session Commentary - Detailed News

Precious Metals Preview: COMEX gold loses momentum in early Asia
24-Nov-25   08:55 Hrs IST

COMEX gold is seen losing momentum on Monday morning in Asia, lingering just above $4000 per ounce mark, after a weekly loss of more than 1% last week as the US dollar strengthened and expectations of a December rate cut diminished. The delayed US jobs report showed 119000 rise in September payrolls, while unemployment climbed to 4.4%, its highest level since 2021, adding pressure to sentiment. The dollar index stayed above 100 mark, reinforcing the view that the Federal Reserve is unlikely to cut rates in December. Currently, the counter is quoting at $4043.10 an ounce, down nearly 1%. On the MCX, December bullion futures are hovering around ₹124195 per 10 grams, marking an almost 8% decline from the recent peak of ₹132294 touched on 17 October.

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