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Gold prices dip on reduced recession fears
Nada Ali Published in Amwal Al Ghad on 14 - 05 - 2025

Gold prices dropped on Wednesday due to reduced US-China trade tensions, easing concerns about a global recession and increasing investor risk appetite, which diminished gold's safe-haven allure.
As of 12:12 PM GMT, spot gold dropped 0.95 per cent to $3,219.57 per ounce, higher than its previous close of $3,250.29. Meanwhile, US gold futures fell 0.88 per cent to $3,219.25 per ounce, down from Tuesday's closing price of $3,247.8.
Attribution: Amwal Al Ghad English, Reuters
Subediting: M. S. Salama

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