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Gold prices slid to a one-month low in Asian trading on Thursday, continuing a recent losing streak as markets digested the impact of the U.S.-China trade deescalation. A stronger dollar, higher Treasury yields, and anticipation of key U.S. economic data further dampened sentiment toward the yellow metal.<\/p>\n\n\n\n
As of 01:09 ET (05:09 GMT), spot gold fell 1.1% to $3,141.35 per ounce<\/strong>, while gold futures for June delivery slipped 1.4% to $3,143.67 per ounce<\/strong>.<\/p>\n\n\n\n The precious metal has come under sustained pressure this week after the United States and China announced significant tariff rollbacks. The temporary easing of trade tensions fueled demand for risk-driven assets and pulled capital away from traditional safe havens like gold.<\/p>\n\n\n\n Although markets cooled slightly on Thursday, the shift in sentiment has kept gold prices well off the record highs seen earlier this month. That said, the metal remains comfortably above the $3,000<\/strong> mark, a key psychological level breached in April amid heightened geopolitical and economic uncertainty.<\/p>\n\n\n\n Gold was also weighed down by a resilient U.S. dollar<\/strong>, which attracted demand ahead of several major economic indicators and a closely watched speech by Federal Reserve Chair Jerome Powell<\/strong> later in the day. A spike in U.S. Treasury yields<\/strong> further added to gold\u2019s decline, increasing the opportunity cost of holding non-yielding assets.<\/p>\n\n\n\n Investors are now bracing for a slew of U.S. economic releases, including:<\/p>\n\n\n\n Additionally, Fed Chair Powell\u2019s speech<\/strong> later on Thursday could influence expectations around future interest rate moves. The central bank held rates steady last week and signaled that near-term rate cuts were not on the table, citing persistent inflation concerns.<\/p>\n\n\n\n Powell is expected to elaborate on the Fed\u2019s monetary policy framework<\/strong>, which shapes decisions on employment targets, price stability, and interest rates.<\/p>\n\n\n\n The downtrend extended across the precious and industrial metals markets:<\/p>\n\n\n\n Looking ahead, global markets will also be eyeing Japanese GDP data<\/strong> set for release on Friday, offering more insight into the broader economic fallout from recent trade dynamics.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices slid to a one-month low in Asian trading on Thursday, continuing a recent losing streak as markets digested the impact of the U.S.-China trade deescalation. A stronger dollar, higher Treasury yields, and anticipation of key U.S. economic data further dampened sentiment toward the yellow metal. As of 01:09 ET (05:09 GMT), spot gold …<\/p>\n","protected":false},"author":9,"featured_media":110167,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[],"class_list":["post-114539","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=114539"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114539\/revisions"}],"predecessor-version":[{"id":114540,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114539\/revisions\/114540"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/110167"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=114539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=114539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=114539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Trade Optimism Weighs on Safe Havens<\/h3>\n\n\n\n
Dollar Strength, Treasury Yields Add to Pressure<\/h3>\n\n\n\n
Focus Turns to U.S. Data, Powell\u2019s Remarks<\/h3>\n\n\n\n
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Broader Metals Decline<\/h3>\n\n\n\n
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