NEW DELHI: Gold prices are likely to witness a fall in futures trade on Tuesday, tracking weak global trend.
As per Reuters, gold prices slipped for the fourth straight session in global markets as recent upbeat economic data and signs that Washington and Beijing were making headway in a nearly year-long trade tariff skirmish boosted risk sentiment.
Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, on Monday dropped to 754.03 tonnes, their lowest since November 9, 2018.
On the other hand, crude oil prices softened a bit amid speculations that Russia and Opec may boost production to fight for market share with the US.
