Source: Reuters
“Safe-haven gold fell more than 2% on Monday as risk sentiment crept in following the announcement of a temporary deal between the United States and China to reduce tariffs. Spot gold was down 2.6% at $3,237.04 an ounce, as of 1132 ET (15:32 GMT). Bullion, considered a hedge against economic and geopolitical turmoil, hit a record high of $3,500.05 last month amid increased tariff uncertainty. U.S. gold futures shed 3.1% to $3,241.70.” (05/12/25)