[Opinion] Gold Rates Drop on Strengthening Dollar, but Trump Tariffs Cap Losses; Experts Highlight Key MCX Levels

Gold rates drop on strengthening dollar, but Trump tariffs cap losses; experts highlight key MCX levels

Gold prices fell in the domestic futures market on August 1 due to a stronger US dollar, with MCX Gold October contracts down 0.18% at ₹98,596 at 9:10 AM. Concerns over a global trade war limited losses despite waning hopes for a US Fed rate cut.

ThePatriotLight - Gold prices set for weekly drop as dollar surges; Trump tariff action in focus By Investing.com

ThePatriotLight - Gold prices set for weekly drop as dollar surges; Trump tariff action in focusGold prices set for weekly drop as dollar surges; Trump tariff action in focus By Investing.com

Gold back above $3,300 but sees little reaction to muted US PCE inflation data

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Gold futures fall on muted demand

New Delhi, Jul 31 (PTI) Gold prices on Thursday declined by Rs 123 to Rs 98,860 per 10 grams in futures trade amid muted spot demand.On the Multi-Commodity Exchange, gold contracts for October delivery depreciated Rs 123 or 0.12 per cent to Rs 98,860 per 10 grams in a business turnover of 12,207 lots.Analysts attributed the fall in yellow metal prices to weak global cues.In the international markets, gold futures rose 0.82 per cent to USD 3,302.…