Mumbai, Sept. 24 -- Gold futures retreated in Asian electronic trade on Wednesday, weighed down by a firmer US dollar and profit-taking after touching a fresh high yesterday. The dollar index climbed past 97, reversing a two-day decline, after Fed Chair Jerome Powell signaled caution on the rate-cut path, citing uncertainty over balancing inflation with a softening labor market. His remarks curbed bullion's rally, with investors now awaiting the PCE price index for clearer policy signals. On MCX, October gold futures fell by Rs.312 to Rs.113512 per 10 grams, after hitting a record high of Rs.114179 in the previous session.
Published by HT Digital Content Services with permission from Capital Market....