Mumbai, Dec. 15 -- COMEX gold is advancing further near record high levels on Monday morning in Asia as dollar extends downside after Fed rate cut. The US central bank last week announced its third and final quarter-point rate reduction this year, cutting interest rates by 25 basis points (bps) to a target range of 3.50% to 3.75%. Besides, uncertainty and the risk-off sentiment could boost the safe-haven flows, benefiting the yellow metal price. Going ahead, investors will pay attention to US jobs report due on Tuesday and the inflation data on Thursday. COMEX gold is currently holding at its highest level since October 21st at $4356.10 an ounce, up more than half a percent as against previous close. On the MCX, gold futures are staying wee...
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