New Delhi, Sept. 8 -- Gold futures breached the USD 3,600 per ounce mark on Monday, marking their fresh all-time high, on expectations that the US Federal Reserve will cut the key policy rate.
At 16.06 IST, international gold traded at USD 3,656 per ounce.
Traditionally, rate cuts invariably make safe-haven asset gold lucrative.
"Tariff uncertainties along with firm rate cut expectations continue to provide strong support to Gold," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
According to Trivedi, key support for gold is seen at USD 3560, while resistance at USD 3650.
Weak US labour data bolstered expectations of an imminent Federal Reserve rate cut, Kedia Advisory said in a note. August payrolls...
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