Gold fell on Tuesday (4/29) amid expectations that President Donald Trump will ease the impact of his auto tariffs, weighing on demand for safe-haven assets amid hopes of a further de-escalation in trade tensions. Source: Newsmaker.id
Silver prices held around $33 an ounce on Tuesday, steadying after a recent decline as investors awaited clarity on US-China trade relations and key US economic releases. China reiterated that it is not engaged in trade talks with the US, refuting claims made by President Donald Trump. Meanwhile, US Treasury Secretary Scott Bessent said several major trading partners have made "very good" tariff proposals, and a trade deal with India could be announced soon. Source: Newsmaker.id
Gold fell nearly 1% on Tuesday as signs of easing U.S.-China trade tensions eased some safe-haven demand, while investors awaited key economic data this week to gauge the outlook for Federal Reserve policy. The easing trade tensions have prompted a sell-off in gold as a hedge against rising global volatility, which rallied in an unprecedented manner to hit a record high of $3,500.05/oz last week. Source: Newsmaker.id