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Dow Jones NewsApr 22, 11:49 PM UTC
DJ Gold Falls on Signs of Easing U.S.-China Tensions, Possible Profit-Taking -- Market Talk
2349 GMT - Gold falls in early Asian trade on signs of easing U.S.-China tensions that typically reduce the safe-haven allure of the precious metal. President Donald Trump seemed to soften his stance in his trade war with China on Tuesday, saying U.S.-imposed tariffs of 145% on imported goods from China will come down "substantially" after the two sides negotiate a deal. Also, gold has begun to retreat, likely owing to some profit-taking, says Fawad Razaqzada, market analyst at City Index and FOREX.com, in an email. From technical analysis perspective, there is support at the $3,300/oz level, Razaqzada adds. Spot gold is 1.2% lower at $3,339.28/oz. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 22, 2025 19:49 ET (23:49 GMT)
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