Gold prices lost momentum toward the end of June, closing the month with modest gains of 0.3% at US$3,287/oz. Earlier in the month, prices were supported by a weaker dollar, heightened geopolitical tensions, softer US Treasury yields, and increased inflows into gold ETFs. However, growing risk-on sentiment among investors capped any further upside. The re-emergence of trade risks has pushed gold prices higher in July, with month-to-date gains of 2%. Gold’s year-to-date performance stands out, with prices up 28% in USD terms. Domestically, gold prices largely tracked international trends, ending June up 0.7% at INR ... (full story)