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GOLD RETREATS FROM 1-WEEK HIGH AHEAD OF KEY US DATA RELEASES

Published on Aug 05, 2025 14:49

Gold prices slipped to around $3420 an ounce in the Asian session on Tuesday as investors booked profits after three consecutive sessions of gains. The retreat came after prices touched a near one-week high, supported by rising expectations of a US interest rate cut in September. A firmer US dollar, with the dollar index up 0.25% to 98.83, also pressured the metal. Meanwhile, markets are awaiting key US data releases, including the ISM PMI and June trade figures, for further clues on the Fed�s policy path. Geopolitical tensions, including US threats of higher tariffs on India and a temporary pause in EU-US trade retaliation, continue to underpin gold�s safe-haven appeal. MCX October gold futures traded lower by 0.3% at ₹100915 per 10 grams.

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