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Gold futures edged back above $2620 per ounce on Friday, though the metal remains on track for a weekly decline amid the Federal Reserve's hawkish stance. The stronger dollar, climbing to a 108.3 index high, has made gold costlier for global buyers, pressuring demand. Investors are closely watching the PCE price index report for further inflation signals, while resilient US GDP data and stronger consumer spending support a slower pace of monetary easing. Domestically, February gold futures slipped below Rs 76,000, with support anticipated near Rs 75,100. Also, India's gold imports are expected to plunge in December, dampening physical demand. Despite these challenges, gold has soared nearly 30% this year, buoyed by monetary easing, safe-haven demand, and robust central bank buying. Powered by Capital Market - Live News
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