Arab Finance: Gold prices fell to their lowest levels in more than a week on Thursday, May 29^th, 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 20^th.

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