The dollar strengthened by 0.30% today following President Trump’s announcement of a comprehensive trade deal with the UK, which eased global trade tensions. Supporting this rise were better-than-expected US jobless claims data and increased Q1 unit labor costs. Meanwhile, gold prices fell 0.84% to $3,366.13 per ounce due to reduced safe-haven demand and the stronger dollar. Silver prices, however, increased slightly by 0.21% after strong German industrial production data boosted industrial metals demand. Both precious metals found some support from ongoing geopolitical tensions in South Asia and the Middle East, as well as the Bank of England’s interest rate cut.

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Gold Holds Above $5,000 as Hedge Funds Brace for Turbulence
Gold remains steady above $5,000 as the dollar weakens and investors position defensively ahead of crucial inflation and jobs data. Hedge funds are shorting U.S. stocks at record levels while China marks its 15th consecutive month of gold purchases—signaling a strategic shift in how markets view risk.





