Global gold and silver prices steadied Tuesday after record highs, amid concerns over Federal Reserve independence and Trump administration threats.
Gold prices slipped after hitting $4,600 an ounce as investors booked profits amid geopolitical and economic uncertainty.
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Profit Booking Weighs on Gold and Silver After Historic Highs
Domestic bullion prices also reflected this trend, with MCX opening lower after a strong rally a day earlier, while MCX silver continued to trade in the red.
In the last trading session, MCX and silver touched record levels, mirroring the sharp rise in international bullion prices. A weakening US dollar further supported the rally, as uncertainty intensified over a potential criminal investigation by the Trump administration into Federal Reserve Chair Jerome Powell.
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