Big fall in Gold prices. What will be the future price. Will there be any return this year.
On Monday Gold prices declined by more than 1 percent.
Gold prices fall because there is a de-escalation in tension between US & China trade war.
Dollar also remain firm as both global giants dented appetite for safe-heaven asset
Gold price was down by 0.9% to $3289.97.
But as the Fed is expected to cut interest rate later this year Gold price may reach $3500/oz.Stanuvo said
As there is a fear of Recession Trump administration decided to de-escalate the trade tension.
Earlier on Friday, China exempted some imports from US from its steep tariffs, but quickly knocked down Trump's assertion that negotiations were underway.
The gold prices declined Rs 1,000 to Rs 98,400 per 10 grams in Delhi on Monday amid weak global trend, according to the All India Sarafa Association.
Gold traded weak amid the US opening tariff talks with multiple nations and growing expectations of a possible China-US trade agreement according to US President Donald Trump.