COMEX Gold advances above $4150 per ounce

COMEX Gold prices advanced above $4150 per ounce on Wednesday as traders awaited the US House of Representatives vote on a deal to reopen the federal government, expected to bring clarity to upcoming economic data and Federal Reserve policy direction. The Senate?s earlier approval of the measure raised hopes for a swift end to the record-breaking shutdown. Meanwhile, the dollar index hovered near 99.3, extending losses as labor market data signaled weakness and reinforced expectations of a near-term rate cut. ADP?s high-frequency report showed private employers shedding over 11,000 jobs weekly through late October, deepening concerns about economic momentum. On the MCX, December gold futures rose 0.6% to Rs 124630 per 10 grams, supported by safe-haven buying and a softer dollar backdrop.

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