Other Markets - Bullion Markets
11-Aug-2025 15:05
Gold falls over 2% with Fed, tariffs, and talks in spotlight
Gold futures in Asian electronic trade fell more than 2% to near $3400 per ounce on Monday, as optimism over easing geopolitical risks weighed on safe-haven demand. MCX October delivery gold was down 1.2% at ₹100546. The pullback comes after fresh US tariffs on imports from several countries went into effect last week, with the August 12 deadline for a US'China deal fast approaching. Markets are now turning their focus to key US economic data'CPI, PPI, and retail sales'due later this week for clues on the Federal Reserve's rate path. However, expectations of Fed rate cuts are seen cushioning the downside for bullion. Meanwhile, traders await White House clarification on its tariff policy for gold bars after a recent US agency ruling placed them under import duties.
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