Mumbai, Nov. 29 -- Gold futures soared to $4262 an ounce this week, marking a strong one-month high and extending gains for the fifth straight month as global markets priced in stronger odds of a December Federal Reserve rate cut. Dovish commentary from Fed officials, along with delayed economic data showing renewed softness, further boosted expectations of additional easing. Adding momentum, Kevin Hassett, seen as a top contender to replace Jerome Powell, echoed President Trump's push for an imminent rate reduction. The dollar index held above 99 with weekly gains of around 0.5%, keeping sentiment constructive for bullion. On MCX, gold futures closed near Rs.129600 per 10 grams, climbing 1.51% on 28 November and finishing the week over 3% ...
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