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As on : 14-May-2025
Other Markets - Bullion Markets
14-May-2025     13:48

Gold under pressure as US-China ease tensions, but ETF inflows hit 3-year high

Gold futures slipped below $3230 in Asian trade, weighed down by the calming winds of a US-China tariff truce that softened its safe-haven shine. The 90-day easing of trade tensions sparked optimism in risk assets, pulling gold off recent highs. Yet, the metal found a glimmer of support as US inflation cooled to 2.3%, fueling hopes of Fed rate cuts that typically favor non-yielding assets like gold. Also, in a bullish twist, the World Gold Council revealed gold ETFs attracted a massive 115 tons in April ' the biggest monthly inflow in over three years ' with China alone adding nearly 65 tons. Back home, MCX gold futures slipped ₹22 to ₹93625 per 10 grams, but strong hands may step in near ₹93000.

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