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Gold extends losses as US and EU close in on tariff deal, silver rallies
Gold prices extended losses on Wednesday following reports that the U.S. and European Union were closing in on a 15% tariff deal, dampening safe-haven demand, while silver earlier surged to its highest level since September 2011. Spot gold was down 1.1% at $3,394.64 per ounce, as of 02:33 p.m. ET (1833 GMT), after hitting its highest point since June 16 earlier in the day. U.S. gold futures settled 1.3% down to $3,397.60. "So we're seeing a trade deal with Japan and looking at one with the EU. Ultimately, it means no major retaliatory tariffs from the EU, which has supported risk appetite...equity markets are doing ... (full story)
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From @PiQSuite|Jul 23, 2025|8 commentsTRUMP: WILL HAVE STRAIGHT SIMPLE TARIFFS OF BETWEEN 15 AND 50% ON COUNTRIES TRUMP: IN SERIOUS TALKS WITH EU IF THEY AGREE TO OPEN UP TO U.S. BUSINESSES WE WILL LET THEM PAY LOWER TARIFF TRUMP: IN PROCESS OF COMPLETING DEAL WITH CHINA MOSTLY WILL BE CHARGING STRAIGHT TARIFFS TO MOST OF THE REST OF THE WORLD TRUMP CLAIMED THAT JAPAN PAID $550 BILLION UPFRONT AS A PRICE FOR THE "PRIVILEGE" OF NEGOTIATING WITH THE U.S., SENDING A POINTED MESSAGE TO OTHER COUNTRIES WITH HIGH TARIFFS. TRUMP: WANT TO GET OIL PRICE DOWN FURTHER
From youtube.com/whitehouse|Jul 23, 2025Washington, DC
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- Jul 23, 2025 5:50pm Posted byFundamental Analysis246
