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Gold down on peace prospects, rate cut delay concerns
20-May-25 14:09Hrs IST

Gold prices fell below $3210 per ounce on Tuesday as ceasefire hopes between Russia and Ukraine reduced safe-haven demand. President Trump confirmed that both sides will begin talks, possibly without U.S. involvement, easing geopolitical tensions. However, a weakening dollar helped limit deeper losses, with the dollar index dropping below 100 to a near two-week low, driven by growing concerns over the U.S. fiscal and economic outlook. Federal Reserve officials added to pressure on bullion, with NY Fed's John Williams signaling no rate cuts before September. On the domestic front, MCX June gold futures were down by Rs 100 at ₹93,199 per 10 grams.

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