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2025-07-28 21:20:22
[Gold prices fluctuated in a narrow range, and the US-EU trade agreement weakened safe-haven demand] ⑴ Gold prices fluctuated in a narrow range on Monday, currently at $3,340/ounce, a slight decline from the intraday high of $3,349. ⑵ The US and Europe reached a trade agreement to reduce the basic tariffs on most commodities to 15%, boosting the stock market and weakening the safe-haven appeal of gold. ⑶ The agreement includes a framework for cooperation on key minerals, and EU exporters can enjoy incentives from the US Inflation Reduction Act. ⑷ The strengthening of the US dollar and optimism about global trade have increased pressure on gold, and investors have turned to risky assets.
