**New Delhi — ** After weeks of rallying amid geopolitical uncertainty, global gold prices slipped on Monday as investors turned toward equities following signs of a potential U.S.–China trade deal.
On India’s MCX, December futures traded 0.8% lower at ₹70,180 per 10 grams, while spot gold hovered around $2,385 per ounce.
“Safe-haven demand has softened as traders are shifting funds to riskier assets,” said Motilal Oswal Commodities in a weekly report. Analysts predict volatility ahead of U.S. Federal Reserve policy guidance later this week.
Despite the dip, long-term sentiment remains positive amid concerns about global inflation and geopolitical instability.
