“Gold advanced on Wednesday, supported by renewed safe-haven demand, while persistent signs of weakness in the US labour market kept expectations for a potential rate cut alive,” Saumil Gandhi, Senior Analyst — Commodities at HDFC Securities, said. On the global front, spot gold extended its gains for the second straight session rising USD 46.32, or 1.14 per cent, to USD 4,114.01 per ounce.
