Gold Rates Drop on Strengthening Dollar, but Trump Tariffs Cap Losses; Experts Highlight Key MCX Levels

Gold rates drop on strengthening dollar, but Trump tariffs cap losses; experts highlight key MCX levels

Gold prices fell in the domestic futures market on August 1 due to a stronger US dollar, with MCX Gold October contracts down 0.18% at ₹98,596 at 9:10 AM. Concerns over a global trade war limited losses despite waning hopes for a US Fed rate cut.

ThePatriotLight - Gold prices set for weekly drop as dollar surges; Trump tariff action in focus By Investing.com

ThePatriotLight - Gold prices set for weekly drop as dollar surges; Trump tariff action in focusGold prices set for weekly drop as dollar surges; Trump tariff action in focus By Investing.com

Gold (XAUUSD) Price Forecast: Dollar Strength Pressures Gold Ahead of Jobs Data

Daily US Dollar Index (DXY)The U.S. dollar index (DXY) surged to its highest level since May 29, making gold more expensive for non-dollar holders. This currency pressure has reinforced bearish momentum for gold in the short term, with traders cautious following another firm set of U.S. macro readings. The Federal Reserve left its benchmark rate unchanged at 4.25%-4.50% on Wednesday and gave no signal for a September rate cut. Recent U.S. econom…

Gold holds ground but set for weekly loss as stronger U.S. dollar weighs in - The Arabian Stories News

Muscat: Spot gold settled at $3,289.79 per ounce on Friday, down 1.4% for the week as investor sentiment shifted amid renewed trade tensions. U.S. gold futures also slipped 0.3%, closing at $3,340.20. The dollar index rose by 0.1%, hovering near a two-month high reached on Thursday. The latest dip in gold comes in the wake of President Trump’s move to introduce fresh tariffs, intensifying global economic uncertainty and driving capital towards t…

Gold back above $3,300 but sees little reaction to muted US PCE inflation data

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Gold futures fall on muted demand

New Delhi, Jul 31 (PTI) Gold prices on Thursday declined by Rs 123 to Rs 98,860 per 10 grams in futures trade amid muted spot demand.On the Multi-Commodity Exchange, gold contracts for October delivery depreciated Rs 123 or 0.12 per cent to Rs 98,860 per 10 grams in a business turnover of 12,207 lots.Analysts attributed the fall in yellow metal prices to weak global cues.In the international markets, gold futures rose 0.82 per cent to USD 3,302.…