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Bullion heads for weekly gain of 3% amid geopolitical uncertainty
(09-Jan-2026, 15:04 Hours IST)  
Gold futures rose to around $4,482 per ounce in Asian trade, snapping a two-day losing streak as safe-haven demand strengthened amid escalating geopolitical tensions. The metal is set for a weekly gain of more than 3%, supported by uncertainty linked to the US incursion in Venezuela, a diplomatic standoff between China and Japan, and the ongoing Russia-Ukraine conflict. Meanwhile, the dollar index climbed toward 99 ahead of the US jobs report, reflecting expectations of a resilient labor market and shaping views on the Federal Reserve's policy outlook. In the domestic market, MCX gold futures traded higher by about 0.6% at ₹138,615 per 10 grams, tracking global strength and risk-averse sentiment.

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