Gold Prices Decline Amid Positive Market Sentiment and Stronger Dollar
Gold (XAU/USD) prices continue their correction as they fall below the $3,300 mark. This decline occurs within a context of improving sentiment in risk assets and the strength of the U.S. dollar. Gold’s downtrend has persisted for two consecutive days as the dollar gains value, cooling demand for haven assets. Investors remain cautious as they weigh improving trade relations between the U.S. and EU, particularly following recent comments from President Trump about extending tariff deadlines to July 9. The ongoing developments will likely influence gold’s forthcoming movements.