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As on : 11-Jun-2025
Other Markets - Bullion Markets
11-Jun-2025      14:38

Gold firms near $3370 as growth clouds and trade doubts loom

Gold edged higher toward $3370 in Asian electronic trade, underpinned by lingering uncertainty over the US-China trade accord. While officials announced a provisional framework and a rollback of rare earth export curbs, implementation still hinges on top-level political approval. Adding to the bullish momentum, the World Bank trimmed its 2025 global growth projection to 2.3%, citing elevated tariffs and mounting economic headwinds. The safe-haven metal also found support as investors reposition ahead of key US inflation data due later today. On the domestic front, MCX August gold futures surged ₹426 to ₹97328 per 10 grams, reflecting global sentiment.

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