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February 3, 2025

Gold Price Struggles as USD Strengthens Amid Tariffs

Gold prices have retraced some of their prior losses during Asian trading sessions, currently found around the $2,785 mark. Although this marks a slight recovery, prices remain down nearly 0.60% for the day. The imposition of tariffs by President Trump on Canada, Mexico, and China has continued to drive the US Dollar up toward a two-year high, negatively impacting gold’s performance.

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