Gold price today: MCX Gold rates saw an uptick in the morning session on Friday, December 27, amid positive global cues.
The yellow metal was poised for a weekly gain in international markets as investors awaited cues on the US economy to get cues on the Federal Reserve’s interest rate path for 2025, Reuters reported.
MCX Gold for February 5 expiry traded 0.14 per cent higher at ₹76,931 per 10 grams around 9:30 AM.
The US Federal Reserve cut interest rates in September, November and December but has signalled there could be only two rate cuts of 25 bps each in 2025.
The macro numbers and Donald Trump’s trade policies will strongly impact the US interest rate trajectory. Experts believe that under Trump’s regime, major policy shifts regarding trade tariffs, deregulation, and tax changes.
Meanwhile, data showed that US jobless claims fell to a one-month low last week. This indicated that the labour market remained strong in the US and that the Fed could maintain interest rates.
Geopolitical uncertainty, interest rate trajectory, Trump’s tariff policies and overall economic environment will be key triggers for the yellow metal next year.
Gold is considered a hedge against geopolitical uncertainty and inflation.
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