💨 Abstract

Gold prices dropped on Tuesday as investors cashed in after gold hit a record high due to safe-haven demand over US trade tariff concerns. The decline was marginal, but tariff uncertainties persist. Market participants are preparing for potential tariff risks as deadlines approach. The US Federal Reserve is expected to react to inflation and labor market changes, while gold prices might be contained due to already-priced-in rate holds.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖