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Gold gains on easing tensions, focus shifts to data
26-Jun-2025, 02:43
Gold prices advanced on Thursday, with MCX August futures rising 0.19% to ₹97545 per 10 grams, as global sentiment turned supportive amid a tumbling US dollar and easing geopolitical risks. International prices climbed 0.58% to \$3362 per ounce, extending their rally for a second session. The dollar slid to its lowest level in over three years, boosting appeal for the non-yielding metal. Investors drew comfort from signs of stability in the Middle East, with US-Iran talks scheduled next week, though the fragility of the Iran-Israel ceasefire remains a concern. Market participants now await key US data, including Q1 GDP, jobless claims, and Friday's PCE inflation report, for further direction.
Gold prices advanced on Thursday, with MCX August futures rising 0.19% to ₹97545 per 10 grams, as global sentiment turned supportive amid a tumbling US dollar and easing geopolitical risks. International prices climbed 0.58% to \$3362 per ounce, extending their rally for a second session. The dollar slid to its lowest level in over three years, boosting appeal for the non-yielding metal. Investors drew comfort from signs of stability in the Middle East, with US-Iran talks scheduled next week, though the fragility of the Iran-Israel ceasefire remains a concern. Market participants now await key US data, including Q1 GDP, jobless claims, and Friday's PCE inflation report, for further direction.
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