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Bloomberg Quint

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Image Credit: Bloomberg Quint

Gold Extends Drop As Extended US Negotiations Ease Trade Fears

  • Gold extended its decline as President Donald Trump confirmed the new August deadline for reciprocal tariffs, easing trade fears.
  • The delay in enforcement of Liberation Day duties has allowed for extended negotiations, reducing concerns about global trade disruptions.
  • Gold prices fell by 0.5% to around $3,285 an ounce, following a 1% loss in the previous session.
  • The decline in gold prices has been influenced by higher US Treasury yields and reduced bets on Federal Reserve interest-rate cuts.

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