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Gold at 2-week low on easing trade tensions

Financial Express Delhi

|

May 02, 2025

Losing Lustre

- ANJANA ANIL

GOLD PRICES DROPPED to a two-week low on Thursday, pressured by signals of softening trade tensions and a holiday in top consumer China, while focus was also on Friday's US payrolls report to gauge the economic outlook.

Spot gold was down 2% at $3,222.43 an ounce at 9:30 a.m. ET (1330 GMT), after hitting its lowest since April 14 earlier in the session. Prices hit a record $3,500.05/oz last week. US gold futures were down 2.7% to $3,231.00.

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