Gold Slips for Third Session
Gold slipped to around $3,290 per ounce on Friday, falling for the third consecutive session, as optimism over US-China trade talks dented the appeal of safe-haven assets.
Officials from both nations are scheduled to meet this weekend, raising hopes of progress in resolving trade disputes. The announcement of a US-UK trade agreement further eased concerns over global trade tensions.
Adding to the downward pressure on the non-yielding metal, the Federal Reserve kept its key interest rate unchanged, as expected, while warning of rising risks tied to both inflation and unemployment—reinforcing its cautious stance on future policy moves.
Fed Chair Jerome Powell also emphasized that the central bank is not considering a preemptive rate cut in response to potential economic fallout from tariffs. Despite recent losses, bullion remains on track for a weekly gain.
Source : Trading Economics
