Top Searches
Advertisement

Gold Tumbles 2% as Trade Winds Shift: Dollar Rises, Safe-Haven Demand Cools

Updated: April 26, 2025 02:30

Image Source: Reuters
Gold prices plunged 2% on Friday to $3,283/oz as easing U.S.-China trade tensions and a stronger dollar dented demand for the safe-haven asset. Reports that China may exempt select U.S. goods from its 125% tariffs fueled optimism, though Beijing denied formal negotiations.
 
Key details:
 
Weekly drop: Gold fell 1.2% despite hitting a record $3,500/oz earlier in the week.
 
Dollar strength: The greenback posted its first weekly gain since March, pressuring bullion.
 
Mixed signals: U.S. President Trump claimed ongoing talks, while China demanded full tariff removal.
 
Analysts noted buyers re-entered at lower levels, with JPMorgan forecasting $4,000/oz by 2026 and $3,675 average in 2025.
 
Sources: Reuters, CNBC, Kitco News

Advertisement

STORIES YOU MAY LIKE

Image Source: Trak.in
JioStar Rockets to Rs 229 Crore Profit, Leaves Rivals in the Dust
Image Source: Business Standard
Import Duty Uproar: Can India’s Palm Oil Industry Survive the Price War?
Image Source: the statesmancompany
Reliance Industries Sets Historic Milestone: ₹10 Lakh Crore Total Equity
Advertisement
Image Source: Deccan Herald
Maruti’s Electric Dreams vs. Tax Reality: Why Small Cars Need a Policy Jumpstart
Image Source: CTOL Digital Solutions
Model 3 Refunds: Tesla Hits Refresh in India's EV Saga
Image Source: Hindustan Times
Ja Morant Out of Game 4: Can Memphis Pull Off a Miracle Without Their Star?
Image Source: Financial Times
Forging Ahead: UK Steel Industry Embraces Modernisation for a Resilient Future
Advertisement
Live Blogs
Excuses Out, Action In: Rayudu Tells Pant to Lead from the Front After LSG’s Latest Slip
From Wicketkeeper to Benchwarmer: Why Sanju’s Off the Pitch Tonight
Sunrisers Dim at the Bottom, While Mumbai Strikes Gold with 2 Crucial Points
Power Playmakers: Wadhera Credits Ponting & Iyer for PBKS' Royal Rumble Over KKR
Top Stories
Image Source: Prabhat Khabar
72,000 Smiles and Counting: Sukanya Yojana Lights Up Motihari’s Future
Image Source: The Economic Times
AI Gold Rush: India Stakes Claim with 86,000 Patents and Counting
Image Source: Business Standard
Solar Spark at Basudebpur Jemari: Rural Office Goes Green in Electrifying Upgrade
Image Source: Indian Retailer
HUL Goes All-In: Category Growth and Brand Investment Take Center Stage
Advertisement
Advertisement

Follow WOWNEWS 24x7 on:

Copyright 2024 WOWNEWS 24x7. All rights reserved. The WOWNEWS 24x7 is not responsible for the content of external sites. Read about our approach to external linking.

Powered By Just Imagine