Gold price plunges by most in 12 years as Trump's softer stance on Fed, China eases fears

Gold price plunges by most in 12 years as Trump's softer stance on Fed, China eases fears

Gold Retreats from Record Highs as Trade Tensions Ease and Trump Calms Fed Criticism

Gold prices fell sharply on Wednesday after U.S. President Donald Trump backed away from threats to fire Federal Reserve Chair Jerome Powell and Treasury official Scott Bessent signaled a potential easing of U.S.-China trade tensions, weakening the metal's safe-haven appeal. Spot gold dropped 1.2% to $3,340.92 an ounce by 0013 GMT, while U.S. gold futures slipped 2% to $3,349.20. The retreat follows a historic rally, where gold surged to an all-…

Gold Falls From Record as Trump Stances on Fed, China Calm Fears

Gold recouped most of an early drop to trade little changed, as traders weighed the outlook for the metal amid the US-led trade war.

Gold falls 3% as Trump comments on Fed and China boost risk sentiment

Source: Live Mint Gold backtracks after hitting record of $3,500.05/oz on Tuesday Trump says China tariffs will fall substantially after a deal Dollar stages a rebound, stocks rally (Updates prices for U.S. mid-session trading) By Brijesh Patel and Daksh Grover April 23 (Reuters) – Gold on Wednesday extended its retreat from an all-time high, falling more than 3%, as appetite for riskier assets improved after President Donald Trump said he…

Gold prices fell in local markets during trading on Wednesday, with a sharp decline in the ounce on the global stock exchange after hitting a record high. This decline was affected by price corrections and profit-taking following the US President's radical shift in his stance on China and the Federal Reserve, according to a report by the iSaagha platform. Saeed Imbaby, CEO of the iSaagha gold trading platform, said... Source

Gold Declines After Trump Softens Rhetoric on Trade War and Federal Reserve

Gold prices fell in local markets during trading on Wednesday, with a sharp decline in the ounce on the global stock exchange after hitting a record high. This decline was affected by price corrections and profit-taking following the US President's radical shift in his stance on China and the Federal Reserve.