Gold futures reached record highs as expectations of a US Federal Reserve rate cut and a weaker dollar fueled safe-haven buying. MCX October contracts hit Rs 1,10,563 per 10 grams, while December contracts climbed to Rs 1,11,655. Market participants await the Fed’s policy meeting and monitor geopolitical tensions, influencing gold’s upward trajectory. Post navigation RBI policy outlook: Morgan Stanley sees two 25 bps cuts by December; inflation forecast slashed to 2.4% for FY26 US retail sales rise despite Trump tariffs: August growth beats estimates; consumer spending cushions economy
