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Gold Pulls Back After Four-Day Ascent as Asian Traders Return
Gold retreated after four days of gains spurred by uncertainty over US trade policy and heightened tensions in the Middle East. The precious metal pared some losses after earlier falling as much as 2.5%, helped by the weakness in the dollar. Bullion had climbed more than 7% over the previous four sessions, with investors drawn to safer assets as a Supreme Court ruling scuppered President Donald Trump’s tariff regime and the US faced off with Iran. “Moves within 2% are in the normal range of market volatility right now,” said Song Jiangzhen, a researcher at Guangdong Southern Gold Market Academy. “Longer-term ... (full story)
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