Gold shines as dollar plunges to 3-year low

Gold prices advanced on Thursday, with MCX August futures rising 0.19% to ₹97545 per 10 grams, as global sentiment turned supportive amid a tumbling US dollar and easing geopolitical risks. International prices climbed 0.58% to $3362 per ounce, extending their rally for a second session. The dollar slid to its lowest level in over three years, boosting appeal for the non-yielding metal. Investors drew comfort from signs of stability in the Middle East, with US-Iran talks scheduled next week, though the fragility of the Iran-Israel ceasefire remains a concern. Market participants now await key US data, including Q1 GDP, jobless claims, and Friday?s PCE inflation report, for further direction.

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