From Dow Jones & Company: 2025-05-16 03:57:00

Gold prices are poised for a weekly drop of nearly 4% as trade tensions ease between the U.S. and China, reducing demand for safe-haven assets. Futures dipped 0.3% to $3,216.80 a troy ounce, while the U.S. dollar rose 0.2% this week, making gold more expensive for other currency holders. Analysts at BMI noted that prices have retreated from a record high of $3,500/oz due to the rollback of U.S.-China tariffs, but maintained a bullish outlook.



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