Gold traded in a narrow range as investors balanced escalating geopolitical tensions against easing US inflation pressures. Fresh US strikes on Iranian targets supported safe-haven demand, while softer producer and consumer inflation data weighed on expectations of a near-term Federal Reserve rate hike, limiting downside pressure on bullion. The US dollar stabilized after recent losses, further keeping gold confined within a tight trading band. On the domestic front, MCX August gold futures edged 0.3% lower to around Rs 1,41,000 per 10 grams, as markets awaited greater clarity on the evolving Middle East conflict and the Fed's policy trajectory.
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