Gold Falls 0.7% as Markets Price in Trade Truce

Gold fell for a second day as improving trade prospects between the U.S., Japan, and potentially the EU lifted risk appetite and reduced demand for safe-haven assets.

Spot gold dipped 0.7% to $3,362.48/oz, while U.S. futures slid 0.9%. Investors are also eyeing Trump’s Fed visit and the July 29–30 policy meeting, where rates are expected to remain unchanged, with cuts penciled in for September.