Mumbai, Nov. 26 -- Gold futures climbed above $4200 per ounce on Wednesday, nearing a two-week high as soft US economic data strengthened expectations for a Federal Reserve rate cut in December. Retail sales rose only 0.2% in September, signalling cooling consumer momentum, while recent Fed commentary highlighted support for easing policy amid labor-market weakness. The dollar index stayed below 100, adding support to bullion. In domestic markets, MCX December gold futures traded 0.5% higher at Rs.125800 per 10 grams, tracking the global uptrend.
Published by HT Digital Content Services with permission from Capital Market....