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GOLD PRESSURED BY UPBEAT US DATA, GLOBAL TRADE UNCERTAINTY

Published on Jul 08, 2025 15:03

Gold prices eased in early Asian trades on Tuesday, with futures hovering near $3330 per ounce, as investors assessed the impact of renewed US trade tensions and a stronger economic backdrop. President Trump�s decision to impose 25% tariffs on 14 countries, including major exporters like Japan and South Korea, weighed on sentiment. Meanwhile, last week�s solid US jobs report tempered expectations of a near-term Fed rate cut, reducing gold�s appeal. Traders now await Wednesday�s release of the June FOMC minutes for further direction on interest rates. On the domestic front, MCX August gold futures slipped 0.32% to ₹96963 per 10 grams.

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