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GOLD SLIPS BELOW $3400 AMID TARIFF DEADLINE

Published on Jul 22, 2025 14:29

Gold futures traded just below $3400 per ounce on Tuesday, easing from a five-week high as markets stayed cautious ahead of President Trump�s August 1 tariff deadline. A weaker US dollar, with the index hovering under 98 for a third session, lent some support to bullion and other dollar-priced assets. MCX August gold futures rebounded from an intraday low of ₹99,101 and hovered flat at ₹99,382 per 10 grams. Investors are awaiting key cues from Federal Reserve Chair Jerome Powell�s speech later today, alongside next week�s Fed policy decision. Meanwhile, the European Central Bank is set to hold rates steady at 2.0% this week after a series of cuts.

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