Gold prices fluctuate as geopolitical tensions ease; US Fed meeting, payroll data to affect prices this week

News Snapshot:

Gold prices Advertisement Weak global cues Domestic outlook market sentiments Advertisement Non-farm payroll data to play a role interest rate Advertisement dropped by 2% last week, in what has been the first weekly drop in prices in six weeks. This week, after a marginal drop on Monday, the prices declined sharply again on Tuesday by Rs 555 to Rs 71,047 per 10 grams in futures trade that matures on June 5 as speculators reduced their positions.While a steady market marked three straight months of an upward trend, the drop since last week has mainly been attributed to weak global cues....