Mumbai, April 29 -- Gold prices dropped below $3320 per ounce on Tuesday as easing concerns over the U.S.-China trade war reduced demand for safe-haven assets. The decline was mirrored in domestic markets, with MCX gold June futures falling Rs.631 to Rs.95394 per 10 grams. Investors are now awaiting crucial U.S. economic data later this week, including Q1 GDP, March PCE inflation, and April nonfarm payrolls, which could offer clearer signals about the health of the U.S. economy and the Federal Reserve's next policy steps. Meanwhile, Treasury Secretary Scott Bessent said that several key trading partners have made "very good" tariff offers, and China's move to exempt some U.S. goods from retaliatory tariffs showed a willingness to reduce ten...
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