June, 09 2026 Tuesday 11:28 Hrs
Last update 11-9-2025
  • SENSEX :   73,578.18

  • Commodity broking firm in India53.92( 0.07%) 09-Jun-2026

Pre Session Commentary - Detailed News

Precious Metals Preview: COMEX gold and silver futures halt decline near two-month low
08-Jun-26   08:19 Hrs IST

COMEX gold and silver futures on Monday morning in Asia are pausing sharp decline witnessed over the weekend but continues to stay deeply in negative terrain. Gold and silver futures plummeted to its lowest level in over two months of Friday as dollar index surged on stronger than expected jobs data that increases prospects for a Federal rate hike. Ongoing uncertainty in the Middle East also continues to support safe-haven demand in the currency. Jobs data showed the US economy added 172,000 positions in May, far exceeding forecasts. The report pushed Treasury yields higher, with the 10-year yield rising above 4.5% fueling concerns that elevated borrowing costs could weigh on economic growth and investment. Meanwhile, lack of any concrete settlement on US and Iran war front that is keeping oil prices elevated is also adding to inflationary pressures and flocking inventors to dollar for respite. COMEX gold is currently seen quoting at $4339.90 an ounce, down 0.65% after an over 3% slide on Friday. Silver is down more than 2% this morning after having tumbled nearly 7% to $68 per ounce on Friday.

Powered by Commodity Insights

Top

Attention Investor:

Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.