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Indonesia News Portal for Traders | Financial & Business Updates

23 April 2025 06:54  |

Gold Down On Signs Of Easing U.S.-China Tensions, Possible Profit-Taking -- Market Talk

Gold fell in early Asian trade on signs of easing U.S.-China tensions that usually reduce the precious metal’s appeal as a safe haven. President Donald Trump appeared to soften his stance on his trade war with China on Tuesday, saying the U.S.’s 145% tariffs on Chinese imports would be reduced “substantially” once the two sides negotiate a deal. Additionally, gold has started to fall, likely on profit-taking, Fawad Razaqzada, market analyst at City Index and FOREX.com, said in an email. From a technical analysis perspective, there is support at the $3,300/oz level, Razaqzada added. Spot gold was down 1.2% at $3,339.28/oz. (Newsmaker23)

Source: Dow Jones Newswires

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