Gold prices slipped on Tuesday as a stronger US dollar and waning expectations of further Fed rate cuts prompted investors to book profits. Analysts cited easing US-China tensions and China’s new tax policy as added pressure on bullion demand

New Delhi: The price of gold futures declined on Tuesday as investors booked profits, tracking gains from a stronger US dollar and lowered expectations for additional Federal Reserve rate cuts this year.

The price of 10 grams of 24-carat gold was Rs 1,19,916 as of 12.30 pm, according to data published by the India Bullion and Jewellers Association (IBJA).

December gold futures on the Multi Commodity Exchange (MCX) fell by Rs 836, or 0.69 per cent, to Rs 1,20,573 per 10 grams, as the dollar index surged by 0.08 per cent to 99.95.

Analysts noted a

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