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Gold extends rally as US-China conflict deepens

14-Oct-25 15:09 Hrs IST

Gold futures surged to a new all-time high of $4190.9 per ounce in Asian trades on Tuesday, driven by intense safe-haven demand as US-China tensions deepened and rate-cut bets strengthened. The rally gained momentum after Beijing threatened further retaliation, following sanctions on five US units of South Korea's Hanwha Ocean, while President Trump warned of 100% tariffs on Chinese imports. Market unease persisted over the extended US government shutdown, with Treasury Secretary Scott Bessent cautioning that it is beginning to weigh on the economy. Investors now await Fed Chair Jerome Powell's address at the NABE annual meeting for cues on the policy outlook, as traders price in back-to-back rate cuts in October and December. On the MCX, December bullion futures climbed over 1% to ₹126140 per 10 grams after touching nearly ₹127000 earlier in the session, underscoring robust momentum in the gold market.

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14	28-10-2024	IT	RFP for Procurement of Firewall	Closed
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19	15-06-2023	IT	RFP for AMC of 30KVA Online UPS system	Closed
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21	24-05-2023	ADMIN	RFP for Premises on Lease for Salem Branch	Closed
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22	24-04-2023	IA	Extension Of RFP iCOM IA for FY 2023-2024	Closed
23	25-04-2023	CS	Extension Of RFP for Seeking Quotations for Secretarial Audit Of IFIN Group for FY 2022-2023	Cancelled
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24	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024	Closed
25	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024 for operations, accounts and control related activities.	Closed
26	24-04-2023	CS	RFP PCS Empannelment for ROC filing 2022-23	Closed
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28	14-03-2023	IA	RFP for appointment of internal auditor in the iCOM	Closed
29	25-04-2023	CS	RFP For Secretarial Audit 22-23	Closed