Other Markets - Bullion Markets
Gold falls below $2620 as ceasefire talks ease safe-haven demand As on : 26-Nov-24  14:15

Gold prices dropped below $2620 per ounce in the Asian session, extending a 3% fall, as reports of an Israel-Hezbollah ceasefire reduced safe-haven demand. The precious metal faced additional pressure from a strengthening US dollar, with the dollar index climbing above 107 following President-elect Trump's tariff plans on Mexico, Canada, and China. Investors are now focused on the Federal Reserve's November meeting minutes and key economic data this week for monetary policy cues. On MCX, December gold futures declined by Rs 324 to trade below Rs 75000 per 10 grams, while silver futures slid further, breaching the Rs 88000 per kg mark.

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