Mumbai, July 16 -- Gold traded in a narrow range as investors balanced escalating geopolitical tensions against easing US inflation pressures. Fresh US strikes on Iranian targets supported safe-haven demand, while softer producer and consumer inflation data weighed on expectations of a near-term Federal Reserve rate hike, limiting downside pressure on bullion. The US dollar stabilized after recent losses, further keeping gold confined within a tight trading band. On the domestic front, MCX August gold futures edged 0.3% lower to around Rs 1,41,000 per 10 grams, as markets awaited greater clarity on the evolving Middle East conflict and the Fed's policy trajectory.
Published by HT Digital Content Services with permission from Capital Market...