GOLD SLIDES BELOW $3270 AS TARIFF RELIEF DIMS SAFE-HAVEN APPEAL
Published on May 29, 2025 14:15
Gold prices slipped under $3270 per ounce on Thursday, weighed down by easing trade tensions that curbed demand for safe-haven assets. MCX August gold futures declined by ₹453 to ₹95500 per 10 grams. The move came after the US Court of International Trade ruled that former President Trump�s reciprocal tariffs exceeded legal authority and must be vacated, casting uncertainty on his broader economic agenda. While the White House is expected to appeal, the ruling eased trade-related fears, pressuring bullion. Meanwhile, the Fed�s May minutes revealed a cautious approach, with policymakers highlighting elevated risks of both inflation and unemployment. In a notable shift in trade flows, US gold exports to Switzerland jumped in April following the removal of precious metal tariffs.
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