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Gold slips to 2-week low as trade tensions ease
Business Standard
|May 02, 2025
Gold eased to hit its lowest level in two weeks on Thursday as the dollar's strength and easing trade tensions dulled the metal's safe-haven allure, while investors awaited the US non-farm payrolls report.
Spot gold was down 1.6 per cent at $3,235.55 an ounce as of 6:29 am GMT, after hitting its lowest level since mid-April.
US gold futures lost 2.3 per cent to $3,243.30. The dollar rose 0.4 per cent against its peers, making bullion more expensive for overseas buyers.
Bu hikaye Business Standard dergisinin May 02, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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