From Yahoo Finance: 2025-05-02 15:02:00

Gold prices fell this week, ending near $3225/oz despite negative economic news and mixed April jobs data. Investor rotation into the Dollar and Treasury markets added further pressure on gold, making it slip lower despite historically high prices. The US economy unexpectedly contracted in Q1, but gold prices didn’t rise as expected, showing signs of being over-extended. The Trump Tariff plan rhetoric hasn’t impacted gold prices significantly, with reactions moving inversely to expectations. Despite economic uncertainty, gold prices continue to decline, sparking interest in the US Dollar and Treasury markets. The FOMC meeting midweek may change the current trend, but for now, traders can enjoy the weekend before another market recap next week.



Read more at Yahoo Finance: Gold Pulls Back As Traders Rotate Into Dollar And Bonds