New Delhi, Dec. 3 -- Gold prices resumed their winning streak on Wednesday, December 03, with February futures on MCX rising another Rs.1,641, or 1.3%, to reach a day's high of Rs.1,31,400 per 10 grams, marking a six-week peak.

MCX gold opened the day 0.6% higher at Rs.1,30,550 per 10 grams, compared to the previous close of Rs.1,29,759. By 8:30 PM IST, MCX gold was trading Rs.854, or 0.70% higher, at Rs.1,30,650 per 10 grams.

In the international market, spot gold, too resumed its rally, gaining nearly 1% to $4,241 per ounce, bouncing back sharply after a 0.6% decline the previous day.

The metal's appeal has been supported by rising expectations of a U.S. Federal Reserve rate cut. Weaker U.S. economic data and dovish comments from Fed...