Overview
- Analysts flag heightened volatility as markets await the US jobs report, the Fed’s meeting minutes and Chair Jerome Powell’s speech for interest‑rate cues.
- Traders pared the probability of a December rate cut to near 40% after recent hawkish commentary, prompting a pullback.
- MCX December gold rose Rs 2,494 on the week but fell Rs 3,190 on Friday to Rs 1,23,561 per 10g, while Comex finished Friday at $4,094.2/oz after a $84.4 weekly gain.
- India prices hovered near Rs 1,23,920 on Monday as global spot traded around $4,090/oz, holding most of the month’s gains despite the late-week drop.
- ETF inflows added 114,345 ounces in the last session, lifting year‑to‑date purchases to 14 million ounces and total holdings to 97.3 million, while silver swung sharply after its critical‑minerals listing.