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COMEX Gold futures eased today, coming off record high. The metal jumped to a record high on Friday, witnessing excellent buying support on safe-haven demand and rising expectations of further interest rate cuts by the US Federal Reserve. The US dollar index is trading in a very lax manner and is down around 1.60% this month. COMEX Gold futures soared 4% last week. Indian spot retail demand in thin right now and a meaningful pick-up could be seen only after the year-end. Meanwhile, the US President Donald Trump has said that he expects the next chairman of the US Federal Reserve to keep interest rates low and never disagree with him. This is keeping overall mood upbeat for the bullion counters. Gold has soared sharply after an escalation in tensions between the United States and Venezuela. The yellow metal currently trades at $4498 per ounce, down 1.20% on the day. MCX Gold futures are also down 1% at Rs 138459 per 10 grams.

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