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Gold prices sink 3% on tariff deal
Nada Ali Published in Amwal Al Ghad on 12 - 05 - 2025

Gold fell by 3 per cent to a one-week low on Monday as the US and China agreed to cut reciprocal tariffs, boosting the dollar and reducing demand for the safe-haven metal.
As of 12:38 PM GMT, spot gold dropped 2.93 per cent to $3,227.38 per ounce, higher than its previous close of $3,324.63. Meanwhile, US gold futures fell 3.41 per cent to $3,230.09 per ounce, down from Friday's closing price of $3,344.
Attribution: Amwal Al Ghad English, Reuters
Subediting: Y.Yasser

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