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Gold Price Today: Rates Fall on US-China Trade Deal Hopes; Experts Highlight Key Levels for MCX Gold

  • A trio of senior advisors to President Donald Trump held discussions with Chinese officials in London on June 9 to work towards resolving the ongoing trade conflict between the United States and China.
  • This meeting followed a temporary pause in negotiations last month and coincided with stronger-than-expected US jobs data that reduced expectations for imminent Federal Reserve rate cuts.
  • Gold prices fell nearly 2% over two sessions, trading around $3,320 per ounce and Dh369.75 per gram in Dubai, reflecting optimism about the trade talks and a stronger US dollar.
  • Experts like Rahul Kalantri noted gold support at $3,280-$3,265 with resistance at $3,325-$3,340, while Aksha Kamboj said strong employment figures reduce the immediate need for rate cuts that usually support gold.
  • Despite short-term declines, analysts expect gold prices to stabilize above $3,000 in 2025, suggesting patience may benefit investors during this cautious market phase.
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Gold Rate Today: Gold prices have fallen for the second consecutive day. People have got some relief from the fall in prices. Gold is trading at ₹ 96330 with a fall of ₹ 843 on MCX. At the same time, silver has come down to ₹ 106,632 with a fall of Rs 455. A decline in the price of silver along with gold has been observed in the bullion market as well. If you also want to buy gold, then definitely check the price. In most cities across the count…

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Gold price today: Rates fall on US-China trade deal hopes; experts highlight key levels for MCX Gold

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Business Times broke the news in on Monday, June 9, 2025.
Sources are mostly out of India (2)

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