Mumbai, Nov. 3 -- COMEX Gold futures edged close to $4040 per ounce in Asia on Monday, rebounding after last week's steep fall. The recovery came as investors digested signs that the Federal Reserve may pause further rate cuts following last week's 25 bps move. Chair Jerome Powell noted that future decisions will depend on limited data available during the ongoing US government shutdown. Market sentiment improved after the US and China agreed to extend their tariff truce and reduce trade barriers, boosting overall confidence though tempering safe-haven demand. Still, the dollar index stayed firm near 99.6, holding around three-month highs as traders awaited key private reports such as ADP employment, ISM PMIs, and Michigan sentiment. On the...
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