Golden Tempo Today: Yellow metal falls amid geopolitical uncertainty. How to trade gold on MCX amid volatility? | Einsmark news

Gold Price Today: Gold prices fell slightly on Tuesday morning, fueled by Donald Trump’s tariff disputes with China and the European Union, continued geopolitical uncertainty of the Russia-Kukraine conflict and market expectations before the upcoming US federal reserve interest rate decision. MCX Gold trades 0.18 percent to £ 96.752 per 10 grams at about 09:30 on June 3. Meanwhile, gold prices in the international market also had a marginal decline on Tuesday and withdrew from near a four -week high. Spot Gold dropped 0.3% to $ 3,369.98 per gram, from 0249 GMT, after hitting its highest level since May 8 earlier in the session. US gold futures were steady at $ 3.390. The metal rose about 2.7% in the last trading session, with its best one -time profit in more than three weeks. As gold is valued in US dollars, a weaker dollar causes gold to become cheaper in foreign currencies, raising its demand abroad. Currently, Gold’s most important driver is the economic prospects of the world’s largest economy. Following the downgrading of Moody of the US credit rating, President Donald Trump’s broad tax and spending plan expressed concern that it could increase the country’s fiscal deficit. “Gold and silver started on Monday’s session with a lifting and maintained a strong upward momentum throughout the day, with 2.28% and 4.13% respectively. Gold prices hit 3-week highlights and the prices also hit a 2-month high. Dollar-dollar of the vs dollar.