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Gold prices ease to over one-month low
Business World Philippines
|May 16, 2025
GOLD PRICES dropped more than 2% on Wednesday, hitting an over one-month low, as rising trade optimism boosted risk appetite, leading investors to shift away from bullion.
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Spot gold slipped to its low-est since April 11, shedding 2% to $3,181.62 an ounce, as of 1355 ET (17:55 GMT). Bullion fell as low as $3,174.62 earlier in the session.
US gold futures settled 1.8% lower at $3,188.3.
“The global relief rally sparked by the steep reduction in US-China tariffs has triggered a cor-rection through technical levels in gold,” said Tai Wong, an inde-pendent metals trader.
यह कहानी Business World Philippines के May 16, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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