Back 16 May 2025

Gold set for worst week in six months as trade calm dents safe-haven appeal ​  

Summary: Gold prices fell 0.1% to US$3,235.59 per ounce, on track for their worst weekly decline in six months due to a stronger US dollar and easing trade war concerns. The US dollar’s strength makes gold more expensive for overseas buyers, while the temporary tariff reduction between the US and China has reduced gold’s appeal as a safe-haven asset.

Link: https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-set-worst-week-six-months-trade-calm-dents-safe-haven-appeal