Bullion set for second weekly loss amid easing tensions

Gold futures slipped sharply below $3300 per ounce on Friday, plunging to a one-month low as fading geopolitical tensions and renewed optimism over the US-China trade deal dampened safe-haven appeal. The bullion is heading for its second consecutive weekly decline. International prices touched a session low of $3293.4, while MCX August futures dropped over ₹1300 or 1.35% to ₹95780 per 10 grams. Risk appetite strengthened after both nations finalized the London trade deal, easing fears of a prolonged trade rift. Meanwhile, traders await the PCE inflation data and closely watch the Fed?s next move, amid rising speculation that President Trump could appoint a dovish Fed Chair by September or October.

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