Gold prices dipped on Thursday, pressured by a firmer dollar and easing market tensions after U.S. President Donald Trump said it was "highly unlikely" he would dismiss Federal Reserve Chair Jerome Powell.

As the weeks have passed, the Oval has evolved from the modest décor of the Biden era into the extravagant, gold-drenched centerpiece of Trump's second administration — a space where the president has ensured his unmistakable mark is visible in quite literally every corner.

BENGALURU] Gold prices dipped in early Asian trade on Thursday (Jul 17), pressured by a firmer US dollar and easing market tensions after US President Donald Trump said it was “highly unlikely” he would dismiss Federal Reserve chair Jerome Powell.

Gold prices touched a three-week high on Monday, supported by demand for safe-haven bullion after U.S. President Donald Trump threatened to impose a 30% tariff on imports from the European Union and Mexico.

Volatility surged across interest rate-sensitive assets Wednesday after reports circulated that President Donald Trump may be preparing to remove Federal Reserve Chair Jerome Powell from his post. The rumors sparked fears over the Fed's independence,

Gold prices fell in early trade due to weak global cues and a stronger US dollar, with MCX Gold down 0.30% at ₹97,490. Conversely, silver prices rose 0.10% to ₹1,11,748, supported by robust demand. Trump eased market concerns regarding Federal Reserve Chair Powell's dismissal.

Gold prices jumped on Wednesday following news reports that U.S. President Donald Trump planned to fire Federal Reserve Chair Jerome Powell, but trimmed gains after Trump denied the claim. Trump said he was not planning to fire Powell,