Gold Futures Fell 0.5% to $ 3,288.90 per Troy Once in May to Snap a Four-month Winning Streak, with the Metal Marking Its Biggest Monthly Decline in Five Monts, According to Dow Jones MARKET DAW JONES MARKET DAW MARKET DAW
Gold is still up 25.1% this year, far outpacing the s & p 500’s 0.5% 2025 gain.
The price of gold’s retreat has coincided with a broader stock market rally. Investors boght gold in April as worms about the us spiked amid president Donald Trump’s Trade War, So some market participants tooks as tensions faded.
It’s no coincidence that gold hit a record of $ 3,411.40 per troy oounce on may 6 before retreating: That’s right when the white was said said treasury secretary screen Discuss Trade.
Talks between the US and China Took Place on May 10 in Switzerland. Gold Pulled Back While Stocks Rallied The Following Week, As Traders Reacted to News The Us Would Lower Tariffs on China to 30% While Both Sides Hammered OUT A Deal.
Fundstrat’s Head of Technical Strategy Mark Newton Argues That Precious Metals Like Gold Look To
“Safe-han trades like japanese yen and gold should be started “I favorite industrials, financials, technology and utilities, while emerging markets also have received appearance the drop in the us dollar.”
Of course, the next move for gold may have more to do with the trump Administration’s Trade Talks With China. Tensions have been higher in recent days, with bessent saying on Thursday that talks had “stalled.”
Trump on Friday said china has “totally Violated Its Agreement with Us.” Us Trade Represtative Jamieson Greer Later That Day Told CNBC that china failed to restore expenses of some rare-earth magnets used for Electric motors.
“Recently, China has repeatedly raised Concerns with the US Regarding Its Abuse of Export Control Measures in the Semiconductor Sector and Other Related Practices,” Liu Pengyu, A Chinese Ebassy spokesperson, said in a statement on Friday. “China Once Again Urges the US to Immedited ERRONOUS ANTIONS, CEASE DISCRIMINATORY RESTRICTIONS Against China and Jointly Uphold the Consensus Reached at the HIGH-Level Talks in Geneva.”
The market isn’t take the latest back and forth too serially: Stocks Barely Moved on Friday. And gold? IT Fell 0.9%.
Write to connor smith at connor.smith@barrons.com
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