29-07-2025
- Business
- Wall Street Journal
Gold Consolidates; Trade-Deal Hopes May Weigh
2342 GMT — Gold consolidates in the early Asian session, but may be weighed by trade-deal hopes. The Trump administration engaged in negotiations with China in Sweden on Monday, with additional discussions expected on Tuesday. The recent wave of trade optimism has resulted in a temporary outflow of capital from safe-haven assets such as gold into riskier assets such as equities, Linh Tran says in an email. Hence, gold, which traditionally acts as a hedge against uncertainty, has lost some of its upward momentum in the short term, the market analyst adds. Spot gold is little changed at $3,312.54/oz. (
