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GOLD UNDER PRESSURE AS STRONG DOLLAR AND PEACE TALKS WEIGH

Published on Jun 22, 2026 14:52

Gold futures fell nearly 1% to around $4,200 an ounce in Asian trading on Monday, extending recent losses as easing geopolitical tensions reduced demand for safe-haven assets. Sentiment improved after the US and Iran reportedly agreed on a roadmap to reach a final peace deal within 60 days, helping push oil prices lower and weakening gold`s appeal. The precious metal also faced pressure from a firm US dollar, with the dollar index hovering near 100.6, close to its strongest level since May 2025. Investors are now awaiting this week`s US PCE inflation report, the Federal Reserve�s preferred inflation gauge, for further clues on the interest-rate outlook. Despite weakness in international markets, MCX August gold futures bucked the trend, rising more than 1% to Rs 1,48,900 per 10 grams.

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