Gold down more than 5% in less than a week
Gold down more than 5% in less than a week
Easing anxiety has seen the haven asset slide from record high.
APR 28, 2025
By Bloomberg
by Sybilla Gross
Gold fell further from last week’s record high as easing trade tensions instill new risk appetite into global markets.
Bullion slid as much as 1.6% to touch $3,268, and has lost more than 5% since peaking above $3,500 on Wednesday.
Investors acted on signs of a thaw in US trade talks, after President Donald Trump on Friday suggested another delay to his higher “reciprocal” tariffs was unlikely. In this context, Asian nations may strike interim deals to stave off levies before the 90-day grace period ends in July. The Trump administration has drafted a framework to handle negotiations with about 18 countries.
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