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Gold Retreats as Trump Reinstates EU Trade Talks Deadline

Gold Pulls Back After Record Run — What Comes Next?
Gold Pulls Back After Record Run — What Comes Next?

Gold prices continued to fall for the second day, dropping over 1%, as the US dollar rebounded and President Trump’s softened trade stance with the EU reduced demand for gold.

The dollar’s 0.3% gain made gold more costly for non-US buyers. Traders are now focusing on upcoming US inflation data and the Federal Reserve’s next moves, with rate cuts expected later this year.

Despite the decline, analysts believe gold’s long-term support remains intact amid market uncertainties.

Eight more from the desk

Other dispatches from the bullion wire.