Gold Prices Struggle as Trade Talks Reduce Safe-Haven Demand
Gold (XAU/USD) is trading around $3,250 on Friday, slightly recovering from a two-week low after experiencing three consecutive days of losses. This downward trend followed a series of headlines indicating an easing of tariffs, which diminished gold’s demand as a safe-haven asset. Traders should consider these developments, as they may lead to further fluctuations in gold prices. Monitoring market sentiment is crucial, especially with the ongoing trade discussions impacting demand for precious metals. Expect continued volatility in the gold market as traders react to global economic news.