US EditionGold Falls on Trade Deal Progress, Tariff Reprieve Extension
- Gold prices fell by $25 to $3,310 per ounce on Monday in international markets and dropped similarly in Pakistan.
- The decline followed US President Donald Trump's announcement of progress on trade agreements and extended tariff reprieves.
- This tariff reprieve reduced inflation concerns and lowered demand for gold, while strong US economic data lessened immediate rate cut expectations.
- WisdomTree strategist Nitesh Shah explained that gold prices have declined modestly as the dollar strengthened in the short term, driven by robust U.S. economic data reducing expectations for immediate rate cuts.
- The price drop suggests cautious investor sentiment ahead of the scheduled August 1 tariff increases and pending trade deal finalizations.
16 Articles
16 Articles
Gold prices fall in international and local markets
Gold prices dropped significantly on Monday in both international and domestic markets, with per tola rates in Pakistan falling by thousands of rupees. In the international bullion market, the price of gold declined by $25 per ounce, bringing the new global rate to $3,310 per ounce. The global dip directly impacted local rates in Pakistan, where the price of 24-karat gold fell by Rs2,500 per tola, bringing the new price to Rs353,000 per tola, ac…
Gold prices fall in light of trade agreements
New Strait Times
MSNGold falls on trade deal progress, tariff reprieve extension
NEW YORK: Gold prices dropped on Monday after US President Donald Trump signalled progress on multiple trade agreements and announced extended tariff reprieves for several countries, dampening demand for the safe-haven metal. © New Straits Times Press (M) Bhd
UK-GLOBAL-PRECIOUS:Gold falls on trade deal progress, tariff reprieve extension
Gold (XAU/USD) Slips 1% and Flirts with $3300/oz Support - Action Forex
Gold prices have started the week on the back foot as hopes grow over a barrage of trade deal announcements are expected this week. The initial July 9 deadline by the Trump administration approaches but there has been mixed messaging which may limit Gold’s downside potential ahead of the announcements Federal Reserve Minutes and US […] The post Gold (XAU/USD) Slips 1% and Flirts with $3300/oz Support appeared first on Action Forex.
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