July, 01 2025 Tuesday 11:54 Hrs
  • SENSEX :   83,655.45

  • Commodity broking firm in India48.99( 0.06%) 01-Jul-2025

Pre Session Commentary - Detailed News

Precious Metals Preview: COMEX gold sinks 1% in early Asia; Weak dollar fails to support
27-Jun-25   09:05 Hrs IST

Gold prices shrunk over 1% in early Asian trades on Friday despite sharp decline in dollar index below 97 mark. The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, sinks to its lowest level in three and a half years following ceasefire between Israel and Iran. Investors, however continue to access media reports that claim US President Donald Trump is considering nominating the next Federal Reserve Chair by September or October. Moreover, Fed's future outlook will also be gauged amid data that showed final printing of the Gross Domestic Product (GDP) for Q1 2025 confirmed that the economy lost traction, contracting more than expected and by a larger margin than the previous figure. COMEX gold is currently quoting at $3314.80 an ounce, down 1% on the day.

Powered by Commodity Insights

Top
Attention Investor:
Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.