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18 April 2024

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Gold hits two-week low as easing trade tensions boost risk appetite

01-05-2025 11:46 AM


Ammon News - Gold fell more than 1% to a two-week low on Thursday, weakened as signs of easing trade tensions enhanced risk appetite and reduced bullion's safe-haven appeal, while a stronger U.S. dollar also weighed on prices.

Spot gold fell 1.8% to $3,230.24 an ounce as of 0751 GMT, after hitting its lowest since April 15.

U.S. gold futures lost 2.4% to $3,238.60.

The dollar index rose 0.5%, making dollar-denominated gold more expensive for buyers holding other currencies.

Spot silver fell 1.5% to $32.11 an ounce, platinum shed 1% to $956.82 and palladium was steady at $937.53.




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