Gold Slips as Trade Tensions Ease — but More Tariffs Could Change That

Gold prices continued their decline as global trade tensions eased slightly. President Trump extended the deadline for new tariffs, giving countries more time to negotiate and reducing immediate fears of a trade war. This softened demand for gold as a safe-haven asset. Spot gold dropped 0.3% to $3,292.50 an ounce, compounding earlier losses. However, uncertainty remains. Trump hinted at possible tariffs on copper and pharmaceuticals, which could renew haven demand. Meanwhile, rising Treasury yields and scaled-back expectations for Fed rate cuts are also pressuring gold. Despite the recent dip, gold has surged about 25% this year, supported by central bank […]