New Delhi, Dec. 17 -- Gold price today rose on Wednesday, December 17, supported by firm global cues and growing expectations of further US Federal Reserve rate cuts after data showed a rise in US unemployment in November. On the MCX, February gold contracts gained 0.55% to trade at Rs.1,35,150 per 10 grams, hovering just below the previous session's record high of Rs.1,35,346.

Analysts said the latest uptick aligns with gold's long-standing role as a safe-haven asset during periods of economic uncertainty. "Gold continues to behave as a stabiliser whenever markets anticipate policy easing or face macro stress," said an analyst tracking bullion markets.

A report by WhiteOak Capital underscores how gold has served as a powerful hedge aga...