Gold falls after Trump backtracks on threat to fire Powell

  • International
  • 23 April 2025
1

 

Gold prices fell on Wednesday after US President Donald Trump backed off his threats to fire Federal Reserve Chairman Jerome Powell. He expressed optimism about a trade deal with China, which negatively affected the attractiveness of the yellow metal, which is considered a safe haven. Spot gold fell 2 percent to $3,315.49 an ounceSpot transactions fell 0.7 percent to $3,357.11 an ounce. U.S. gold futures fell 1.5 percent to $3,366.80.

Source (Al-Arabiya.net Website, Edited)

 

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