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Gold Eases Lower as Traders Seek Clarity on US Trade Deal Talks

Gold Eases Lower as Traders Seek Clarity on US Trade Deal Talks

Bloomberg2 days ago
Gold eased after gaining nearly 2% last week, as investors awaited developments in US trade negotiations ahead of a July 9 tariff deadline set by President Donald Trump.
Bullion traded near $3,325 an ounce, with Treasury Secretary Scott Bessent indicating a possible extension to talks, saying that some countries lacking an agreement by Wednesday will have a three-week window to continue discussions. Many major US trading partners are hurrying to secure deals or lobby for extra time, with Commerce Secretary Howard Lutnick telling reporters on Sunday that country-by-country tariffs will take effect Aug. 1.
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