Gold heads for weekly loss
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Gold rose more than 2% on Thursday on a softer U.S. dollar and easing oil prices, but remained on track for a second straight monthly decline as inflation concerns amid the ongoing Iran war clouded the outlook for rate cuts.
Binance gold futures surpass $100B in trading volume since January, with daily sessions hitting $500M–$1B amid global uncertainty.
Gold futures slipped as stalled U.S.-Iran negotiations and rising oil prices keep inflation concerns elevated.
Gold futures increased ₹159 to ₹1.53 lakh per 10 grams, tracking firm global trends and sustained demand in the commodity market.
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Gold prices slipped on Thursday after U.S. President Donald Trump said the United States would continue the war in Iran over the coming weeks.
Gold and silver futures face weak bias; potential rebounds depend on breaking key resistance levels. Trade strategies outlined.
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Weekly gold review: COMEX futures stay slippery amid firm US dollar
Mumbai, May 2 -- COMEX Gold futures eased amid firm US dollar after President Trump appeared dissatisfied with Iran's latest proposal to end the war. The yellow metal tested around one-month low.
Gold prices in India rise to 24K at ₹1,54,800 per 10 grams on 2 May 2026, driven by safe-haven demand, inflation worries, and MCX futures activity; 22K and other karats follow trends.
Precious metals continued to decline, with gold futures dropping $86 to $4,522 and silver futures falling $1.5 to $71.71. Rising crude oil prices heighten inflation concerns, prompting expectations of sustained higher interest rates from central banks and impacting the appeal of these metals.