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.

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