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Gold rebounds, starts New Year on upbeat note
02-Jan-2026, 04:14
COMEX Gold futures rebounded today, witnessing good gains after testing a three-week low in last session. The global markets are now slowly showing signs of normalcy as traders are coming back from Christmas and New Year holidays. COMEX Gold is up 1% at $4387 per ounce. The US dollar index is hovering around 98 mark, consolidating in a tight range amid lack of major economic cues. Gold will be eying the trends in currency markets in near term and clarity on Russia-Ukraine war will provide a much better understanding in terms of price action at the start of year.
COMEX Gold futures rebounded today, witnessing good gains after testing a three-week low in last session. The global markets are now slowly showing signs of normalcy as traders are coming back from Christmas and New Year holidays. COMEX Gold is up 1% at $4387 per ounce. The US dollar index is hovering around 98 mark, consolidating in a tight range amid lack of major economic cues. Gold will be eying the trends in currency markets in near term and clarity on Russia-Ukraine war will provide a much better understanding in terms of price action at the start of year.
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