Bullion shines as World Bank slashes 2025 global growth forecast

COMEX Gold edged higher toward $3370 an ounce in Asian electronic trade, underpinned by lingering uncertainty over the US-China trade accord. While officials announced a provisional framework and a rollback of rare earth export curbs, implementation still hinges on top-level political approval. Adding to the bullish momentum, the World Bank trimmed its 2025 global growth projection to 2.3%, citing elevated tariffs and mounting economic headwinds. The safe-haven metal also found support as investors reposition ahead of key US inflation data due later today. On the domestic front, MCX August gold futures surged Rs 426 to Rs 97328 per 10 grams, reflecting global sentiment.

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