Gold prices fall, set for worst week in 6 months

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Gold prices declined on Friday, posting a weekly loss as global trade tensions eased following a US-China agreement to temporarily cut reciprocal tariffs.

 

June gold futures fell by 1.22%, or $39.40, to $3,187.20 per ounce, marking a weekly loss of 4.69%.

 

"The thawing of the US-China trade war has revived risk appetite across the broader marketplace. This shift is prompting profit-taking among futures traders, particularly in the gold market, and has triggered a week-long wave of liquidation," said Jim Wycoff, senior analyst at Kitco Metals.

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Commodity Price

 
Gold
4,137.93
27.49 0.67%
Silver
59.90
0.32 0.53%
PLATINUM
1,636.70
(1.60) (0.09%)
PALLADIUM
1,122.00
13.50 1.15%

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