Gold Prices Fall as Trade Tensions Ease, Reducing Safe-Haven Appeal

1 day ago

Gold prices declined in Asian markets as easing trade tensions reduced the metal's safe-haven allure. Spot gold fell by 1.2%, reaching $3,339.28 per ounce. Analysts from City Index and FOREX.com noted that this decline might be partly due to profit-taking activities. From a technical analysis standpoint, there is support for gold prices at the $3,300 per ounce level.

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