}

Gold hits over one-week low following US tariff ruling

Updated 5/29/2025 11:06:00 AM
Gold hits over one-week low following US tariff ruling

Arab Finance: Gold prices fell to their lowest levels in more than a week on Thursday, May 29th, after a US federal court blocked President Donald Trump's "reciprocal tariffs", Reuters reported.

This decision affected the metal's importance as a safe-haven, while a robust dollar placed further pressure on bullion.

Spot gold edged down by 0.6% to $3,271.17 per ounce at 06:18 GMT, after hitting its lowest since May 20th.

Likewise, US gold futures declined by 0.8% to $3,268.20.

Related News

Gold prices fall on September 7 Updated 9/7/2026 3:51:00 PM
Gold prices maintain gains on September 3 Updated 9/3/2026 3:08:00 PM
Gold prices slightly up on August 4 Updated 8/4/2026 3:41:00 PM