India, Aug. 6 -- Gold prices fell on Wednesday amid profit-taking from the recent upside movement triggered by the US tariff conflict with a few of its major trading partners as well as with rising optimism about a Fed rate cut.
Front Month Comex Gold for August delivery edged down by $1.90 (or 0.06%) to $3,380.00 per troy ounce today.
Meanwhile, front Month Comex Silver for August delivery crept up by 7.90 cents (or 0.21%) to $37.766 per troy ounce today.
US President Donald Trump had been vocally critical of the US Federal Reserve for keeping the benchmark lending rates higher despite the economy being resilient amid the ongoing tariff war between the US and its major trading partners.
The Fed had been resistant to all calls to lower ...