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GOLD SLIPS BELOW $3970 AFTER HITTING RECORD $4000 MARK

Published on Oct 07, 2025 14:07

Gold prices slipped below $3970 per ounce on Tuesday after briefly crossing the $4000 mark, supported by economic uncertainty and expectations of further US rate cuts. The yellow metal has surged over 50% this year, driven by a weaker dollar, steady ETF inflows, and rising central bank purchases. The prolonged US government shutdown has deprived investors of key data and clouded the Fed�s policy outlook, while political instability in France and Japan has deepened fiscal worries. Meanwhile, China�s central bank continued its gold buying spree for the 11th consecutive month in September, reinforcing the global demand uptrend. On MCX, bullion futures fell by ₹220 to ₹120030 per 10 grams.

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