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Spot gold rose by 0.2 percent, now above $3,303 an ounce, its highest level since May
The Central Bank lowered one-year loan prime rate to 3.0 percent amid economic challenges
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
Both Brent and WTI were up 1 percent so far this week after a surge earlier in the week
Bullion has lost 3.3 percent so far this week and is set for its worst weekly performance since November 2024
Market focus is now on the U.S. producer price index data, due at 12:30 GMT, following the softer-than-expected consumer data
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 U.S. and China ended their trade talks on a positive note, with U.S. officials signaling a "deal" to reduce the U.S. trade deficit
Analysts expect high-level talks over the weekend between the U.S. and China to drive flows away from gold, further limiting price gains
Decision provides relief to borrowers, businesses, and consumers amidst sluggish economic growth
