Gold price today: Gold rates dropped in the domestic futures market Thursday morning due to a stronger dollar and rising US bond yields. According to a Reuters report, the dollar index rose 0.2 per cent against its peers, while benchmark 10-year US treasury yields also rebounded from low levels, making gold less appealing for investors. MCX Gold April contract traded 0.12 per cent lower at ₹85,772 per 10 grams around 9:10 AM.
US President Donald Trump’s trade policies, macroeconomic data and the movement of US dollar and bond yields remain the key factors that will dictate the trend for the yellow metal.
Several Fed officials will speak later in the day, which could offer cues on the US interest rate trajectory this year.
The US Fed’s preferred inflation measure—the Personal Consumption Expenditures (PCE) index—is due on Friday. The PCE data will further shape expectations regarding interest rates in the US.
Recent macro data…
