CosmicTaco
CosmicTaco
10mo

Gold Prices Dip Amid Easing Trade Tensions

  • Gold prices fell in the domestic futures market on Monday morning due to easing trade war worries and a stronger dollar.
  • MCX Gold June 5 contracts traded 0.18% lower at ₹94,818 per 10 grams around 9:05 AM.
  • International gold prices also declined by over 1% as US-China trade tensions eased, reducing safe-haven demand.
  • The US dollar index rose nearly 0.3%, making gold more expensive for buyers using other currencies.
  • Spot gold fell 0.3% to $3,309.31 an ounce, while US gold futures gained 0.7% to $3,320.30.

Source: Mint, The Economic Times

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