US dollar price at 3 years low
Gold prices reached a record high amidst increasing tension over interest rate cuts between US President Donald Trump and Federal Reserve Chairman Jerome Powell. On Tuesday morning, the price of gold on MCX reached a new record of Rs 99,178 per 10 grams. Weakness in US dollars also gave air to the ongoing rise in gold prices on the Multi Commodity Exchange (MCX). For the end of June 2025 at MCX, the gold future contract opened at ₹ 98,753 per 10 grams and reached ₹ 99,178 per 10 grams Intrade High within a few minutes of the opening vine.
US dollar price at 3 years low
Commodity and currency head Anuj Gupta in HDFC Securities said, “The criticism by US President Donald Trump’s recent Federal Reserve Chairman Zerome Powell has brought the US dollar to a 3-year low. The main reason for reaching the new record of gold prices today is the main reason. However, the growing worries of America-Chines As the demand for gold is constantly promoting. ”
The struggle between Donald Trump and Jerome Powell exposed
Devere Group CEO Nigel Green said, “Donald Trump wants interest rates to decrease soon. But Powell is not ready to bow down. The struggle between the two is now open and the global investor will not wait to see how it will end.” LKP Securities Vice President Research Analyst – Commodity and Currence, Jatin Trivedi said, “Gold prices continued to rise in a record with strong purchases at the beginning of the new week. Comex Gold reached a $ 3500 level, while MCX Gold recorded its new lifetime high.”
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