Overview

• Spot gold traded near $3,373 an ounce and Indian prices topped ₹1,00,000 per 10 grams, with some city quotes rising by about ₹500 on Tuesday.
• Market commentary linked the rebound to safe-haven demand after President Donald Trump acted to remove Fed Governor Lisa Cook, which coincided with a softer dollar.
• Jerome Powell’s Jackson Hole remarks kept September rate-cut expectations in play, and analysts said gold may consolidate with a positive bias.
• Domestic trade remained choppy as the All India Sarafa Association recorded a sessional dip to ₹1,00,170 per 10 grams in New Delhi even as MCX futures hovered near ₹1,00,400–₹1,00,900.
• Traders are watching the US Q2 GDP and PCE inflation prints this week ahead of the Sept. 16–17 FOMC, while SPDR Gold Trust holdings edged higher.