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Below the Quote on Market Movement by Deveya Gaglani, Senior Research Analyst - Commodities, Axis Securities 

MCX Gold witnessed a sharp decline of over Rs.800 in the previous session, settling near Rs.95,940 as easing economic concerns weighed on sentiment. The move followed U.S. President Trump’s decision to postpone tariffs on the European Union until July 9th, which temporarily reduced safe-haven demand. A recovery in the U.S. Dollar Index also contributed to the weakness in gold prices. Looking ahead, volatility is expected to remain elevated this week, with key macro triggers including the release of FOMC meeting minutes and prelim U.S. GDP data. On the technical front, immediate support is seen around Rs.95,600. A decisive break below this level could open the door for further downside toward Rs.95,000 and potentially Rs.94,500 in the coming sessions

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