Gold prices fell more than 1% on Friday (4/25) and headed for a weekly decline on signs of a potential de-escalation in the U.S.-China trade war, including news that China is considering exempting some U.S. goods from tariffs. Spot gold fell 1.5% to $3,299.69 an ounce by 0830 GMT. U.S. gold futures fell 1.1% to $3,310.20. Source: Newsmaker.id
Gold prices fell on Friday, erasing gains from the previous session after Beijing announced exemptions for some U.S. goods from 125% tariffs, signaling a thaw in the trade dispute and reducing bullion's appeal as a hedge. At the same time, the dollar index approached the 100 mark, making dollar-priced bullion more expensive for overseas buyers, while U.S. Treasury yields edged higher as Fed officials reiterated their patience with policy. Source: Newsmaker.id
Gold prices weakened in early Asian trading this morning, gold prices were at US$ 3,276 per troy ounce. The precious metal fell after reaching its highest level last week amid easing trade war tensions.US Agriculture Secretary Brooke Rollins said on Sunday that the Trump administration was having daily conversations with China about tariffs. Rollins noted that there were ongoing talks between the two countries and that trade deals with other countries were "very close."US President Donald Trump's announcement of broad and high tariffs in early April sparked concerns that the US economy would...