Today (7 April 2025), the website "Hua Seng Heng" analyzed that the price of New York gold fell 2.76%, closing at 3,035.40 dollars/ounce after investors sold gold to reduce risk from the stock market, which fell heavily for 2 consecutive days, mainly due to the intensifying US-China trade war. China announced a 34% import tax on US goods in retaliation for Trump's new tax package. Although the price of gold is volatile, it has still increased by more than 15.3% since the beginning of the year from central bank buying and demand for safe assets.
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