Commodities
Gold Falls on Stronger Dollar as US Offers Auto Tariff Reprieve
This article is for subscribers only.
Gold declined on expectations President Donald Trump will ease the impact of his auto tariffs, weighing on haven demand amid hopes of a further dialing down of trade tensions.
Bullion fell as much as 1.3% to $3,299.76 an ounce, following a 0.7% gain in the previous session, after a White House official said some levies on foreign parts for cars and trucks would be lifted and imported automobiles would get a reprieve from separate tariffs on aluminum and steel. A gauge of the dollar strengthened, making bullion more expensive for most buyers as it’s priced in the greenback.