Gold Drops as US Deal With Japan, EU Talks Ease Trade Concerns

Gold dipped after a three-day rally as US President Donald Trump’s deal with Japan and a report on progress over talks with the European Union allayed trade war concerns that have stoked demand for haven assets.

Bullion retreated as much as 1.4% after Trump said he would impose 15% levies on goods from Japan, while the Financial Times reported that the US and EU were closing in on a similar deal. The terms with Japan were better than most investors expected, following fraught negotiations.