Mumbai, Sept. 6 -- COMEX Gold futures smashed through the $3600 mark as a blistering rally continued for precious metals. Investors piled into safe havens on growing expectations of a Fed rate cut. Hints from Chair Powell have fuelled hopes of easing this month. Political drama is adding fuel to the rally, as Trump's clash with the Fed and fresh tariff battles spark concerns over central bank independence and trade uncertainty. Budget worries and dollar diversification are further boosting demand for bullion. Gold rose around 4% in August, its best monthly performance since April, adding to bullish momentum. The metal soared further in first week of September amid subdued labor market trends, clocking near $3600 per ounce and ending around ...
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