Gold prices fall due to strong US economic data, higher yields, and trade concerns.
From Investing.com: 2025-05-15 01:15:00
The USD rebounds after news that FX is not involved in U.S. trade talks, easing market fears. Gold falls below $3200 as bearish momentum grows, with key resistance levels ahead. Attention shifts to US PPI and retail sales, which may be impacted by tariffs. Aussie jobs data is in focus, but the unemployment rate is the key figure to watch. AUD/USD fails to break above the 200DMA again, leading to a sharp reversal back to .6430. Market remains cautious amid uncertainty surrounding currency policy discussions and trade negotiations.
Read more at Investing.com: Gold Slides on Strong US Data, Rising Yields, and Tariff-Driven Inflation Concerns
