Gold advanced toward 4100 per ounce on Wednesday, extending its recent rebound as traders positioned themselves ahead of pivotal US economic cues. The forthcoming FOMC minutes and Thursday's jobs report are expected to refine expectations around the Federal Reserve's policy direction. On MCX, December gold futures gained 0.4% to ₹123160 per 10 grams, while silver outshone bullion with a rise of more than 1% to ₹156305 per kg. The dollar index held steady near 99.56, supported by muted hopes for near-term rate cuts. Fed rhetoric remained divided, with some officials warning of lingering inflation risks, even as Governor Christopher Waller signalled openness to easing amid signs of labor-market fatigue. Markets are also watching major US retail earnings for further insight into consumer resilience.
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