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Gold falls as easing US-China tensions curb safe-haven demand

Gold prices fell by 0.4% to US$3,329.12 an ounce amid easing U.S.-China trade tensions on April 29.
U.S. President Donald Trump's administration is easing some automotive tariffs to alleviate duties on foreign parts, as reported on April 29.
According to the International Monetary Fund, the global GDP growth forecast for 2025 has been revised down to 2.8% due to trade and tariff uncertainties.
The Federal Reserve Bank of Dallas noted a significant decline in Texas manufacturing activity, with executives describing it as 'chaos' and 'insanity' on April 28.

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The Straits Times

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Gold declines as trade war concerns ease

Bullion, traditionally seen as a hedge against political and financial instability, rose to an all-time high last week. Read more at straitstimes.com.

1 day ago·Singapore

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BNN Bloomberg

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Gold extends drop as easing trade war anxiety cools haven demand

Gold fell further from last week’s record high, as easing trade-war concerns curbed demand for a haven.

2 days ago·Canada

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Protothema

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Gold: Prices fall as US-China trade dispute appears to be de-escalating

Gold slipped as much as 1.6% to hit $3,268 and has lost more than 5% since peaking above $3,500.

2 days ago

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Al Bawaba

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Gold: Declines amid US-China tensions

Gold prices fell on Monday as investors' appetite for risk increased due to easing trade tensions between the US and China, weakening demand for safe-haven assets such as the precious metal. Meanwhile, a stronger dollar increased pressure on gold...

2 days ago·Amman, Jordan

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