Gold Extends Decline as Safe-Haven Demand WeakensGold fell below $3,260 on Thursday, its fourth straight decline, as easing tariff fears reduced safe-haven demand. The drop followed a U.S. court ruling that Trump exceeded his authority in imposing tariffs, ordering their removal. The decision is expected to be appealed. Fed minutes showed a cautious stance as officials assess policy impacts, citing risks of both inflation and job losses. Meanwhile, U.S. gold exports to Switzerland surged in April after metal tariffs were lifted, shifting global trade flows.
The first critical support for gold is seen at the $3245 and the first resistance is located at $3295.
