Gold prices fell sharply on Friday, dropping more than 1% after China signaled it may exempt certain U.S. imports from tariffs. The move eased investor concerns over the ongoing trade conflict, diminishing gold’s appeal as a safe-haven asset.
With tensions between Washington and Beijing showing potential signs of thawing, traders shifted focus toward riskier assets, pressuring bullion markets. Analysts say any further signs of reconciliation between the two economic giants could continue to weigh on gold in the short term
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