Gold falls as easing US-China tensions dent safe-haven demand

Gold falls as easing US-China tensions dent safe-haven demand

The Star Online - Business·2025-04-28 19:02

Gold retreated on Monday as easing U.S.-China trade tensions boosted investors' risk appetite and dented the demand for the safe-haven metal, while a stronger dollar also piled on the pressure.

Spot gold fell 0.8% to $3,292.11 an ounce as of 0625 GMT. Bullion hit a record high of $3,500.05 on April 22.

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