Gold Falls After Trump Backs Away From Tariffs Over Greenland
From finance.yahoo.com
Gold fell after US President Donald Trump withdrew a threat to impose tariffs on European nations and said a “framework of a future deal” over Greenland had been agreed. Bullion fell as much as 1% in early trading, after three days of gains that had taken it to an all-time high above $4,888 an ounce on Wednesday. Trump announced the Greenland “framework” on social media after meeting North Atlantic Treaty Organization Secretary-General Mark Rutte but gave no further details. The easing of geopolitical tensions supported the dollar. The Bloomberg Dollar Spot Index, a key gauge of the US currency’s strength, rose 0.1%. ...
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