Gold prices fell in Asian trading, driven by a stronger U.S. dollar, which often makes gold more expensive for investors holding other currencies. Spot gold dropped below the $3,300 per ounce mark, recently quoted at $3,299.52 per ounce, marking a 0.50% decrease.
Signs of easing trade tensions have also reduced gold's appeal as a safe-haven asset. According to Fadi Al Kurdi, founder and CEO of FFA Kings, market sentiment has shifted with the stabilization of the dollar, prompting traders to reassess the risks associated with trade tensions.
