Gold Falls as Risk Appetite Weighs on Safe-Haven Assets
Gold futures fall 1.8% in afternoon trade due to growing risk appetite among investors, despite lingering uncertainty around the path of tariff negotiations and increased optimism for rate cuts this year. "With tariff rollbacks on both sides and negotiations showing real progress, investors are getting more comfortable," says Fawad Razaqzada, market analyst at Forex.com.
"What's more, Tuesday's softer-than-expected U.S. inflation print added fuel to the fire, calming nerves that Trump's trade tariffs would trigger a fresh inflation wave." Futures currently trade at $3,189.10 a troy ounce. According to Razaqzada, bearish momentum could persist for a few days, but long-term bullish prospects are still intact.
Source: Bloomberg