Mumbai, April 28 -- Gold prices slid under $3300 per ounce on Monday, losing their safe-haven shine as easing US-China trade tensions calmed market nerves. Domestic bullion futures mirrored the drop, falling near Rs.94000, down almost Rs.700 per 10 grams. Optimism grew after Trump hinted at a softer approach on tariffs and China eased some levies, though Beijing denied any formal talks. Adding pressure, the US dollar strengthened across the board, making gold costlier for overseas buyers. Now, all eyes are on a packed US data calendar - with Q1 GDP, PCE inflation, and April jobs numbers on deck - which could sway the Fed's next big move and gold's direction.
Published by HT Digital Content Services with permission from Capital Market....