Gold price today: MCX gold rate dips. Should you buy as Donald Trump’s tariff uncertainty fuels safe-haven demand | Stock Market News
Source: Live Mint
Gold rate today: Following the rise in safe-haven demand for gold on macro-economic uncertainty caused by Donald Trump’s tariff rant, MCX gold rate continues to trade above ₹86,000 per 10 gm mark. Gold futures contract opened with a downside gap at ₹86,058 per 10 gm and touched an intraday low of ₹85,980 within a few minutes of the Opening Bell on Wednesday.
Triggers for gold price rally
“The prospect of escalating trade tensions bolstered gold’s safe-haven appeal. However, hawkish comments from Federal Reserve officials limited further gains. Fed Governors Bowman and Waller expressed cautious views on additional interest rate cuts, citing persistent inflationary pressures. Investors are now focused on releasing the Fed’s meeting minutes on Wednesday, which could provide further insights into the central bank’s policy outlook. Additionally, geopolitical developments, including the ongoing Russia-Ukraine conflict, remain a key factor influencing market sentiment,” Kotak Securities said.
Disclaimer : The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
