{"id":116954,"date":"2025-07-24T00:40:17","date_gmt":"2025-07-23T20:40:17","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=116954"},"modified":"2025-07-24T00:41:33","modified_gmt":"2025-07-23T20:41:33","slug":"trade-deal-sparks-gold-price-dip-below-3400-amid-market-optimism","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/trade-deal-sparks-gold-price-dip-below-3400-amid-market-optimism\/07\/24\/market-updates\/","title":{"rendered":"Trade Deal Sparks Gold Price Dip Below $3,400 Amid Market Optimism"},"content":{"rendered":"Optimism surrounding a potential US-EU trade agreement, following a recent US-Japan deal, has pushed gold prices down to $3,389.015, a 1.24% decline. The US-Japan accord, which cut tariffs on Japanese auto exports from 25% to 15% and secured $550 billion for infrastructure, has eased global trade tensions, diminishing gold\u2019s safe-haven appeal. <br \/><br \/>Talks of a US-EU deal with 15% tariffs on EU goods have surfaced, though doubts linger about the terms\u2019 reliability. Despite a 0.21% drop in the US dollar index, rising US Treasury yields at 4.384% have pressured gold further. <br \/><br \/>June\u2019s US housing data underperformed, with existing home sales dropping 2.7% to 3.93 million units, as markets await upcoming jobless claims and durable goods figures. <br \/><br \/>Technically, gold\u2019s retreat from a five-week high of $3,438 suggests consolidation below $3,400, with buyer momentum fading per the Relative Strength Index. A sustained dip could test support at $3,350 or $3,328, while a breakout might aim for $3,452. Investors should track trade negotiations and economic indicators for clues on future market moves.","protected":false},"excerpt":{"rendered":"<p>Optimism surrounding a potential US-EU trade agreement, following a recent US-Japan deal, has pushed gold prices down to $3,389.015, a 1.24% decline. The US-Japan accord, which cut tariffs on Japanese auto exports from 25% to 15% and secured $550 billion for infrastructure, has eased global trade tensions, diminishing gold\u2019s safe-haven appeal. Talks of a US-EU &hellip;<\/p>\n","protected":false},"author":13,"featured_media":110976,"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":[38,36],"tags":[],"class_list":["post-116954","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116954","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=116954"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116954\/revisions"}],"predecessor-version":[{"id":116957,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116954\/revisions\/116957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/110976"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=116954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=116954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=116954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}