Gold Price Outlook Next Week: Will MCX Gold Extend June Losses As Fed Turns Hawkish And Safe-Haven Demand Eases?

Summary

Gold prices are under pressure after posting a second consecutive weekly decline, with MCX gold falling more than five percent so far in June. The precious metal's decline is attributed to a stronger US dollar, hawkish signals from the US Federal Reserve, and easing geopolitical tensions, which have weighed on investor sentiment. Analysts expect the trend to remain moderately bearish in the coming days, with traders closely watching key US economic data and movements in the US dollar.