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Gold

Bullion Pulls Back as U.S. and Japan Reach Surprise Trade Truce

Perth Mint Gold Scandal: Mint Regains Global Confidence
Perth Mint Gold Scandal: Mint Regains Global Confidence

Gold slipped about 0.4% to roughly $3,420 an ounce after President Trump’s trade agreement with Japan alleviated some fears of a widening U.S.–Japan tariff war.

Despite the pullback, gold remains up about 30% year-to-date, supported by global trade tensions, geopolitical conflicts, and expectations that the Fed may keep monetary policy loose.

Silver also climbed—up 36% this year to $39.41—boosted by strong industrial demand (especially for solar panels) and tightness in the London market following U.S. tariff anxieties.

Eight more from the desk

Other dispatches from the bullion wire.