Precious Metals Slip: This decline was due to the dollar’s strength and traders taking profits after a sharp rally. Gold (XAUUSD) was currently trading around $4,175, down more than 4% today, hitting a five-day low $4079.55.
- Gold Rate Today: अमेरिका में मचा हड़कंप! 100 साल में पहली बार ऐसा उछाल, लोगों के उड़े होश
- Stocks Bounce Back as Gold Loses Shine Amid Renewed Investor Confidence
- Euro Struggles: EUR/USD Slides as Dollar Strengthens Again
- HDFC & ICICI banks go slow on retail loans
- Gold Price Today: Bulls Stay in Control, But Overbought Signals Flash Warning!
Risk Sentiment and the Dollar
Anticipation of a de-escalation of US-China tensions has increased investors’ risk appetite, putting pressure on gold and supporting the dollar.
Tariff News
Reports that the threat of 100% or more tariffs on China from November 1st may finally be averted have calmed the market somewhat.
Uncertainty Continues
Despite this, uncertainty persists due to President Trump’s changing statements and delicate negotiations.
Long-Term Outlook
Despite the decline, the broader outlook for gold is still considered positive.