Mumbai, April 25 -- Gains in gold prices are seen restricted after the metal hit a lifetime high above $3500 an ounce during the week. Possible de-escalation in US China trade war is weighing on the yellow metal. US Treasury Secretary Scott Bessent said that the ongoing tariff showdown against China is unsustainable, and he expects a "de-escalation" in the trade war between the world's two largest economies in the near future. However, Bessent said the tariffs - 145% on Chinese products and 125% on U.S. products - would have to come down before trade talks can proceed, but said Trump would not make that move unilaterally. Meanwhile, rebound in dollar index from three-year lows is also adding weight on the commodity. Currently, the commodity...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.