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28/05/2025 02:38 AST
Gold prices fell on Tuesday by more than one percent after the dollar strengthened, increasing pressure on safe-haven assets, following US President Donald Trump's softened stance on trade with the European Union.
Spot gold dropped 1.6 percent to 3,289.93 USD per ounce, while US gold futures fell 2.3 percent to 3,287.80 USD.
Prices also declined yesterday (Monday) after Trump backed down from his threat to impose new tariffs on the European Union next month, setting July 9 as a deadline to allow time for trade negotiations.
As for other precious metals, spot silver fell 1.4 percent to 32.88 per ounce, platinum dropped 1.1 percent to 1,073.22 USD, and palladium lost about 1.3 percent to 974.50 USD.
QNA
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Gold | 3,363.6 | 71.3 | 2.17 |
| Silver | 33.44 | 0.39 | 1.18 |
| Platinum | 1,094.5 | 17 | 1.58 |
| Palladium | 989 | -28.5 | -2.8 |
29/05/2025
Gold prices rose in Wednesday's trading as investors moved to buy following a dip in the previous session, amid market anticipation surrounding the upcoming US Federal Reserve's meeting on monetary p
QNA
28/05/2025
Gold prices in the UAE dropped for a second straight day on Tuesday, raising hopes among shoppers that they may see better deals before the Eid Al Adha buying rush.
With global prices fallin
Khaleej Times
27/05/2025
Gold prices eased on Monday after US President Donald Trump set a July 9 deadline for a trade deal with the European Union, rescinding his earlier threat of a 50% tariff from June 1.
Spot go
Asharq Al Awsat
23/05/2025
Gold slipped on Thursday after hitting a nearly two-week high earlier in the session, hurt by an uptick in the dollar, although worries over the US government's increasing debt burden and fiscal outl
Asharq Al Awsat
20/05/2025
Gold prices climbed on Monday as a softer dollar and renewed trade concerns, following US Treasury Secretary Scott Bessent's reaffirmation of President Donald Trump's tariff threats, fueled safe-have
Asharq Al Awsat
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