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Gold edges lower in the European session, ING’s commodity experts Ewa Manthey and Warren Patterson note. Spot prices are falling almost 1% “Gold edged lower this morning, with spot prices falling almost 1% as market participants continue to focus on new developments in the ongoing US trade negotiations with 17 key trading partners, excluding China. Meanwhile, a decline in US Treasury yields, along with weakness in the dollar, further weighed on gold prices.” “However, the extended uncertainty in the US-China trade talks and economic instability should continue to support safe-haven demand for gold. Prices are still up by more than 25% so far this year, supported by market volatility and ever-changing US policies. The rally has also been supported by increased flows into gold ETF holdings and central bank buying.” Source: https://www.fxstreet.com/news/gold-under-pressure-ing-202504290851

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Filed under: News - @ April 29, 2025 10:26 am