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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,
Futures in the precious metal fell 3.75% as the agreement to lower tariffs increased risk-on sentiment in markets.
The thing that people have missed is that there is zero chance that this will not happen,” Gerard Barron, CEO of The Metals ...
Gold futures slumped on easing safe-haven demand and investor positioning ahead of key U.S. inflation data. Futures were down 1.3% at $3,145.80 a troy ounce, its lowest level since April 10. The ...
The inflow into physically backed gold exchange-traded funds in April was the largest since March, 2022, with China-listed ...
UBS says wealthy Asian investors are moving away from the US dollar into gold, crypto and Chinese assets, driven by ...
Gold drops below $3,150 and silver breaks key support as yields climb; traders await Powell’s speech and U.S. PPI data for ...
Gold steadied after falling more than 2% Wednesday on signs there will be fewer Federal Reserve rate cuts than previously ...
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 ...
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