Gold Holds in a Correction as Traders Await US Inflation, China Readings and Tariff Rulings

Overview

• MCX December gold settled at Rs 1,21,067 per 10 grams for the week, while Comex December closed at $4,009.8 an ounce after a modest gain.
• Analysts flag Fed speeches and the US Supreme Court’s review of tariff legality as near-term volatility catalysts.
• Support comes from weak US labor indicators, prospects of rate cuts, and ongoing central-bank buying reported above 600 tonnes in 2025.
• Despite a roughly 10% pullback from record highs, bullion remains up more than 50% year to date, with recent ETF outflows noted.
• Silver tracked the consolidation, with MCX December at Rs 1,47,728 per kilogram and Comex at $48.14 an ounce, as its new US critical-mineral status adds trade-risk uncertainty.