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Treasury and Dollar Slides Reignite 'Sell America' Fears. But There's Still a Buying Opportunity in One Corner of US Debt.

  • Gold prices climbed over 2% on June 2, 2025, in global markets amid rising US-China trade tensions and a softer US Dollar.
  • The increase occurred after US President Donald Trump announced plans to raise tariffs on steel and aluminum imports from 25% up to 50%, heightening uncertainty in the markets.
  • This tariff move strained the fragile Geneva trade agreement, prompting Beijing to reject US accusations as 'groundless' and vow countermeasures.
  • Gold tested resistance near $3,295-$3,350 with the Relative Strength Index rising to 57, signaling bullish momentum amid increased demand for safe-haven assets.
  • The rising gold price reflects investor caution, suggesting ongoing geopolitical risks and trade disputes may sustain demand for bullion as portfolio insurance.
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Shafaq News/ Gold prices fell on Tuesday, after approaching a four-week high, as a modest rise in the dollar pressured the yellow metal, but uncertainty over the US-China trade agreement kept investors cautious and limited gold's decline. Spot gold fell 0.3 percent to $3,369.98 per ounce by 02:49 GMT, after hitting its highest level since May 8 earlier in the session. US gold futures settled at $3,390. The yellow metal rose about 2.7 percent in …

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Emirates24|7 broke the news in Dubai, United Arab Emirates on Monday, June 2, 2025.
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