Gold rebounds on buying despite hopes for U.S-China trade deal


https://www.saba.ye/en/news3470564.htm

Yemen News Agency SABA
Gold rebounds on buying despite hopes for U.S-China trade deal
[24/ April/2025]

Singapore - Saba:
Gold prices rose more than 1 percent on Thursday, driven by buying driven by lower prices, a day after the metal hit a one-week low amid optimism about a US-China trade deal.

Spot gold rose 1.5 percent to $3,335.39 per ounce, while US gold futures rose 1.5 percent to $3,344.

The dollar fell 0.3 percent against other major currencies, making dollar-denominated gold cheaper for holders of other currencies.

Among other precious metals, spot silver fell 0.6 percent to $33.33 per ounce, platinum fell 0.4 percent to $968.60, and palladium fell 0.8 percent to $936.63.