Gold Falls Amid Easing Trade Tensions

Agencies

Gold.

Gold slipped on Tuesday as signs of easing tensions in the U.S.-China trade dispute weighed on the safe-haven metal.

As of 09:35 GMT, spot gold was down 0.8% at $3,313.23 an ounce. At $3,323.80, U.S. gold futures dropped 0.7%.

A number of major trading partners have made "very good" offers to avoid U.S. tariffs, according to U.S. Treasury Secretary Scott Bessent's statement on Monday.

Bessent noted that China's recent actions to exempt specific American commodities from its retaliatory tariffs demonstrated a desire to reduce trade tensions.

According to officials, the administration of U.S. President Donald Trump would take steps to lessen the effects of his auto tariffs by removing some levies on foreign components in domestically produced vehicles and preventing tariffs on foreign-made automobiles from compounding one another.



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