All eyes now turn to the US Core PCE data, which is expected to rise 0.3 percent MoM in July, pushing the annual rate to 2.9 percent from 2.8 percent, further away from the Fed’s 2 percent target.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 99,301 per 10 grams today.
Gold rate today: Gold's October contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 99,159 per 10 grams today.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 98,742 per 10 grams today.
Gold rate today: Gold's October contracts on the MCX opened at Rs 99,466 per 10 grams today.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 99,960 per 10 grams today.
Caution ahead of Trump-Putin talks and mixed US data kept traders wary, while growing confidence in a 25 basis point rate cut supported markets.
Gold rate today: Yellow metal's October contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 1,00,297 per 10 grams today, higher than yesterday's closing price of Rs 1,00,185 per 10 grams.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,00,263 per 10 grams today.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,00,396 per 10 grams today.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,01,198 per 10 grams today.
Looking ahead, commodity markets moves could be influenced by the outcome of the US-China trade deal, with their 90-day truce deadline approaching on August 12, as well as the potential Trump-Putin meeting.
Gold rate today: Gold's October contracts on MCX hit an all-time high of Rs 1,02,250 per 10 grams today.
Gold futures with October expiry on MCX hit a lifetime high of Rs 1,02,250 for 10 grams
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,01,361 per 10 grams today.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,01,133 per 10 grams today.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 99,999 per 10 grams today.
With a relatively light economic calendar next week, investors will turn their attention to upcoming speeches from several Federal Reserve officials for any shift in future policy outlook especially after Friday’s weak jobs data shook confidence in the Fed’s “solid” labour market narrative.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 98,702 per 10 grams today.
Gold rate today: Yellow metal's August contracts on MCX opened at Rs 98,106 per 10 grams today.
Gold rate today: Yellow metal's August contracts on the MCX opened at Rs 97,627 per 10 grams today.
Gold rate today: Yellow metal's August contracts on the MCX opened at Rs 1,00,453 per 10 grams today.
Gold rate today: Yellow metal's August contracts on the MCX opened at Rs 99,300 per 10 grams today.
Commodity traders will also closely watch China’s Politburo meeting, expected by month-end, for signals on the country’s economic policy trajectory for the rest of the year.
Gold rate today: Yellow metal's August contracts on the MCX opened at Rs 97,320 per 10 grams on July 18.