GOLD DOWN ON PEACE PROSPECTS, RATE CUT DELAY CONCERNS
Published on May 20, 2025 14:09
Gold prices fell below $3210 per ounce on Tuesday as ceasefire hopes between Russia and Ukraine reduced safe-haven demand. President Trump confirmed that both sides will begin talks, possibly without U.S. involvement, easing geopolitical tensions. However, a weakening dollar helped limit deeper losses, with the dollar index dropping below 100 to a near two-week low, driven by growing concerns over the U.S. fiscal and economic outlook. Federal Reserve officials added to pressure on bullion, with NY Fed�s John Williams signaling no rate cuts before September. On the domestic front, MCX June gold futures were down by Rs 100 at ₹93,199 per 10 grams.
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