Gold Price: Rates Drop Nearly 1% as Dollar Strengthens; Experts Outline Key MCX Gold Levels

?

Gold prices fell nearly 1% in the domestic futures market during the morning session on Monday, November 11, as the US dollar held steady. Investors are closely monitoring upcoming US macroeconomic data and statements from Federal Reserve officials this week for further indications on the direction of US interest rates. At 11:40 am, MCX Gold for the December 5 expiry was trading 0.72% lower at ?76,714 per 10 grams.

?

In international markets, gold prices declined for the second consecutive session on Monday.

?

At this point, gold prices are lacking fresh catalysts, and uncertainty remains over the future trajectory of interest rates, the effects of Donald Trump’s victory, and its potential influence on US policies and interest rate trends.

Trump's potential return to the US presidency has sparked speculation that his policies could drive inflation and possibly slow the pace of interest rate cuts.

?

“Gold prices registered their worst week in more than five months on Friday as Donald Trump's victory in the US presidential election has raised the prospect of higher tariffs, which could keep interest rates elevated,” reported Reuters.?