Gold Prices Hit Two-Week Low

Gold prices fell below $3,215 per ounce on Thursday, marking the third consecutive day of declines. This drop to a two-week low comes as improving trade relations between the United States and its allies reduce the precious metal's appeal as a safe-haven asset.

Trump's Trade Strategy Shifts

US President Donald Trump has announced potential trade agreements with India, South Korea, and Japan, signaling a move from tariffs to partnerships. Additionally, an executive order was issued to ease certain 25% tariffs on vehicles and automotive parts, further impacting market sentiments.

Precious Metals Market Reaction

At 6:14 am ET, gold was down by 2.26%, selling at $3,214.41 per ounce. Silver followed, declining by 1.74% to $32.05 per ounce. Platinum also saw a decrease of 0.57%, trading at $964.57 per ounce, while palladium remained stable at $929.89 per ounce.