Gold prices declined following U.S. President Donald Trump’s remarks on progress in trade agreements and the extension of tariff exemptions until August 1.
August gold futures fell by 0.7% to $3,319.20 per ounce, while spot prices dropped 0.9% to $3,307.93. Silver, platinum, and palladium prices also declined.
The drop comes amid expectations that the Federal Reserve may slow the pace of interest rate cuts, with markets no longer anticipating a rate cut in July.
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Gold prices declined following U.S. President Donald Trump’s remarks on progress in trade agreements...
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