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The MPC has adjusted the overnight deposit rate to 24 percent and lending rate to 25 percent
The dollar has lost more than 1 percent so far this week and is set for its worst weekly performance since April 7
The U.S. dollar was hovering near a two-week low, making gold cheaper for other currency holders
Spot gold rose by 0.2 percent, now above $3,303 an ounce, its highest level since May
The Central Bank lowered one-year loan prime rate to 3.0 percent amid economic challenges
Spot gold down 0.4 percent at $3,215.31, reflecting market reactions to geopolitical news.
Spot gold rose 0.7 percent to $3,223.55 an ounce amid global market fluctuations
Both Brent and WTI were up 1 percent so far this week after a surge earlier in the week
Bullion has lost 3.3 percent so far this week and is set for its worst weekly performance since November 2024
Market focus is now on the U.S. producer price index data, due at 12:30 GMT, following the softer-than-expected consumer data
Positive developments in U.S. trade policy are diminishing the appeal of gold in the short-term
U.S. and China announced tariff reductions, boosting global shares and altering market dynamics
