India, May 30 -- The swift changes in successive US court rulings on tariffs and a softer inflation report caused a slide in gold price on Friday.
Front Month Comex Gold for June delivery shed $28.20 (or 0.85%) to $3288.90 per troy ounce from previous session. Gold lost $16.10 per troy ounce (or 0.49%) this month. At this price, Gold is off 3.59% from its 52-week high of $3411.40 hit on May 6, 2025.
Front Month Comex Silver for June delivery lost 39.10 cents (or 1.17%) to $32.892 per troy ounce. Though Silver gained 36.10 cents (or 1.11%) this month, it is off from its 52-week high of $34.897 hit on March 27, 2025.
On the data front, US Bureau of Economic Analysis revealed that the annual Personal Consumption Expenditure (PCE) - the pref...