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Commodity Mid Session News

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(12 Aug 2025, 14:52)

Gold slips below $3400 as trade tensions cool

Gold prices fell below $3400 an ounce in Asian electronic trade on Tuesday, extending Mondays sharp drop of over $90. The metal tumbled more than 2% in the previous session after US President Donald Trump clarified that gold would not face import tariffs, reversing earlier reports that had unsettled markets. Trump also extended the US – China trade truce by 90 days, easing tensions between the two largest economies and further trimming safe - haven demand. On the MCX, October bullion futures hovered near ₹100000 per 10 grams, down 0.15%. Still, geopolitical uncertainty and unresolved trade issues are keeping investors engaged, with attention now turning to the August 15 Trump – Putin meeting in Alaska aimed at ending the Ukraine conflict.
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