Mumbai, Nov. 28 -- Gold futures are extending gains around a two-week high on Friday morning in Asia as dollar continues to weaken amid strong expectations of a December Federal Reserve rate cut, keeping sentiment broadly supported. Weak US labor signals, sticky inflation and a soft 0.2% rise in September retail sales have strengthened the case for policy easing, with consumer confidence also falling to its lowest level since April. The dollar index stays near 99.50 levels, adding further traction for bullion ahead of the December 9-10 FOMC meeting. The yellow metal is advancing by nearly half a percent at $4221.40 an ounce currently. MCX February bullion futures traded slightly lower at Rs.127662 per 10 grams, though long-term demand remai...
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