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Weaker dollar boosts gold's appeal, with concerns over U.S. budget deficit supporting prices
Rising gold prices reflect safe-haven buying as U.S. tariffs loom over European imports
Spot gold rose by 0.2 percent, now above $3,303 an ounce, its highest level since May
Spot gold down 0.4 percent at $3,215.31, reflecting market reactions to geopolitical news.
Spot gold rose 0.7 percent to $3,223.55 an ounce amid global market fluctuations
Positive developments in U.S. trade policy are diminishing the appeal of gold in the short-term
U.S. and China announced tariff reductions, boosting global shares and altering market dynamics
The official reserves include bonds, foreign treasury bills, gold, and Special Drawing Rights (SDRs)
Spot gold declined by 1.2 percent to $3,388.67 an ounce after a strong previous session.
Market analysts predict that any dovish signals from the Fed could further support gold prices
Traders expect 80 basis points of rate cuts this year after strong job growth reported in April
Gold investment demand in the Middle East remained resilient amid continued geopolitical uncertainty
