Gold tumbled to $2,780 per ounce as the U.S. dollar soared, crushing safe-haven demand amid escalating trade war fears. Profit-taking added to the drop after gold's record high of $2,862.90. The dollar index surged past 109.75, nearing a two-year peak, following President Trump's sweeping tariffs on Canada, Mexico, and China. Retaliation looms as Canada and Mexico plan countermeasures, while China prepares a WTO challenge. Investors now eye Friday's nonfarm payrolls for clues on monetary policy. Meanwhile, MCX bullion futures defied the trend, rising Rs 547 to Rs 82,851 per 10 grams.
Powered by Capital Market - Live News