FX.co ★ Gold Rebounds Further

Gold prices climbed to approximately $3,330 per ounce on Thursday, after a two-day decline, as investors took advantage of a weakening dollar. In Washington, Treasury Secretary Scott Bessent emphasized that significant U.S.-China tariffs need to be eliminated before negotiations can proceed further. This stance aligns with President Trump's decision to exempt automakers from specific tariffs, temporarily alleviating concerns over the trade war. These developments, amidst continued uncertainty in U.S.-China relations, have increased the demand for safe-haven assets and reinforced the current bull market trend. Gold has now surged over 30% this year, while the gold-to-silver ratio has reached its highest level since 1994, excluding the pandemic period, highlighting gold's strong performance.