Gold prices in the domestic futures market saw a decline of more than 1 percent on Monday morning. This happened due to the strengthening of the US dollar. On MCX, gold for February 5 was trading 1.02 per cent lower at Rs 76,338 per 10 grams at 9:45 am. President-elect Donald Trump has hinted at a possible trade war against BRICS countries including India. In an ex post on Sunday, Trump said that if the BRICS countries take any step to replace the US dollar, 100 per cent tariffs will be imposed on them and sought a commitment from the nine-member grouping, which includes India, Russia, China and Brazil. Are included.
Prices break four-session high
According to the news, gold prices in the international market broke their four-session high, which came under the pressure of strong US dollar and profit booking. Investors have now turned their attention to key US economic data for signals about the Federal Reserve’s monetary policy outlook.
update in progress…
