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GOLD SLIPS BELOW $4,400 AMID EASING GEOPOLITICAL TENSIONS

Published on Jun 09, 2026 14:35

Gold prices remained subdued on Tuesday, hovering near an 11-week low and slipping below $4,400 an ounce as easing tensions between Iran and Israel weakened demand for safe-haven assets. MCX gold futures were largely unchanged at ₹1,54,507 per 10 grams, while silver futures declined below ₹2,45,000 per kg. Improved risk sentiment following ceasefire developments in the Middle East tempered inflation concerns and reduced defensive buying. Meanwhile, the U.S. dollar retreated from a nine-week high but remained supported by resilient labor market data and expectations of a Federal Reserve rate hike later this year. Market participants are now closely monitoring upcoming U.S. CPI and PPI releases, which could provide crucial guidance on the Fed`s policy trajectory and the near-term outlook for bullion prices.

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