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Gold taps a nearly 5-week low, with losses fueled by ‘thaw’ in U.S.-China trade tensions
Gold touched its lowest price in almost five weeks Wednesday, pressured by the “thaw” in U.S.-China trade tensions, said Fawad Razaqzada, market analyst at City Index and Forex.com. “With no big bearish catalyst in sight for stocks,
Gold price falls below $3,200 as focus shifts from safe havens
Gold prices fell below the $3,200-an-ounce mark on Wednesday as easing US-China trade tensions continue to diminish the appeal of the safe-haven metal. Spot gold fell another 2% by 10:30 a.m. ET to $3,183.76 an ounce, while three-month gold futures dropped 1.7% to $3,194.00 an ounce in New York.
Futures in the precious metal fell 3.75% as the agreement to lower tariffs increased risk-on sentiment in markets.
Gold slips below $3,228 as easing trade tensions and Fed cut bets reduce safe-haven demand. Key support near $3,151 in focus ...
UBS says wealthy Asian investors are moving away from the US dollar into gold, crypto and Chinese assets, driven by ...
China expanded its gold reserves for a sixth straight month in April, underlining its push to boost holdings of the precious ...
The inflow into physically backed gold exchange-traded funds in April was the largest since March, 2022, with China-listed ...
Questions about the longevity and future prospects of a U.S.-China trade deal gave gold a boost, with the front-month futures contract closing up 0.6% to $3,240.30 a troy ounce. "Despite the ...
China’s Zijin Mining Group Co. has picked Citic Securities Co. and Morgan Stanley for the Hong Kong initial public offering ...
In recent weeks, the greenback has recovered after dropping almost 9% from its March peak and momentarily falling below 98 ...
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