Gold Declines, Heading for Biggest Weekly Loss in 6 Months


https://www.saba.ye/en/news3482313.htm

Yemen News Agency SABA
Gold Declines, Heading for Biggest Weekly Loss in 6 Months
[16/ May/2025]

Singapore - Saba:
Gold prices fell in early Asian trading on Friday, heading for their biggest weekly loss in six months, amid a stronger dollar and reduced demand for the precious metal as a safe haven after trade tensions between the United States and China eased.

Spot gold fell 0.1 percent to $3,235.59 per ounce, down more than 2 percent since the start of the week, putting it on track for its worst weekly performance since last November.

Conversely, U.S. gold futures rose 0.4 percent to $3,239.20 per ounce.