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Gold Under Pressure, Dollar Strengthens & Trade Tensions Ease
Tuesday, 29 July 2025 11:38 WIB | MARKET ANALYSIS |

Gold prices held around $3,310 per ounce on Tuesday (July 29), near a three-week low, as signs of easing trade tensions and a strengthening US dollar dampened the metal's appeal.

Investors are closely monitoring ongoing negotiations between the US and China, amid expectations of a 90-day extension of the August 12 tariff pause deadline.

This comes amid a crucial week for President Donald Trump's trade agenda, with separate deadlines set for other countries to reach agreements this Friday, following the deal announced with the European Union on Sunday that includes 15% tariffs on most European goods.

Source: Newsmaker.id

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