Gold dives to $3300 as China signals trade thaw

Gold tumbled to around $3300 per ounce on Friday, snapping its recent rally as hopes of easing US-China trade tensions dented its safe-haven appeal. China?s move to explore tariff exemptions on American goods signaled a possible thaw in the trade war, while a surging US dollar?climbing past 99.5 after President Trump confirmed ongoing trade talks?added to the metal?s pressure. Earlier this week, gold soared to a record $3500 amid fears over the US economy, but pulled back sharply after Trump softened his stance on the Fed?s independence. On the domestic front, MCX June bullion futures fell ₹718 to ₹95194 per 10 grams. Despite the dip, gold still boasts over 30 percent gains year-to-date, supported by persistent global uncertainty.

Powered by Commodity Insights