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Gold faces fourth straight monthly decline, down 12% in June
30-Jun-26   14:10 Hrs IST
Gold futures hovered near $4,040 an ounce on Tuesday, leaving the precious metal on course for a decline of more than 12% this month and a fourth consecutive monthly loss. Sentiment remained constrained as the U.S. dollar index climbed to around 101.1, up more than 2% in June and on track for its strongest monthly performance since July last year, amid expectations that the Federal Reserve will implement additional interest rate hikes this year. Investors are now awaiting the U.S. monthly employment report for fresh guidance on the Fed's policy path, while renewed U.S.-Iran peace talks in Doha remain in focus as markets assess whether easing geopolitical tensions could further diminish gold's safe-haven appeal. Meanwhile, MCX August gold futures edged 0.2% higher to Rs 152,402 per 10 grams.

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