All news
BREAKING LIVE All breaking →
News

Gold pauses decline on Thursday

by UCapital MediaUCapital News newsroom1 min read
Gold pauses decline on Thursday

Gold prices rose to around $4,120 per ounce on Thursday, halting a two-day decline as investors weighed trade developments and geopolitical tensions that lifted the metal’s safe-haven appeal.


Reports indicated that the US is considering export restrictions on China involving American-made software, though President Donald Trump later confirmed plans to meet with Chinese President Xi Jinping.


At the same time, Washington announced fresh sanctions on Russia, following reports that the planned Trump-Putin summit was postponed after Moscow rejected a Ukraine ceasefire.


Expectations that the Federal Reserve will deliver two more rate cuts by year-end also supported bullion.


Still, gold remained about 6% below its recent peak amid profit-taking after repeated record highs, marking its steepest weekly loss in over five years earlier this week.

gold
DISCLOSURE

UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.

✦ Ask the AI about this article

Sign up for free to ask the AI about this article.

Analyse the markets with UCapital’s AI agents

Multiples, financials, sentiment and risks in 60 seconds, with live data.

Open Markets →

UCapital News is the news section of UCapital24 S.p.A. All content is for information purposes only and does not constitute financial advice, a recommendation or a solicitation to invest. Even where terms such as “buy”, “sell”, “bullish” or “bearish”, or asset impact signals, appear, they only indicate the possible effect of a news item on the markets and are not an invitation to buy or sell financial instruments. News is analysed with UCapital AI and may also be published via API feeds from third-party providers, to give our users a continuous flow of news. UCapital24 S.p.A. accepts no liability of any kind for decisions made on the basis of this content. Wire releases are published by companies and are not verified by the newsroom.

AI use policy. UCapital AI supports the newsroom with news analysis, summaries, market reactions, translations and the generation of cards and charts. AI-generated or AI-assisted content is labelled in the byline (AI Desk, a named AI profile marked «AI», or joint byline) and is reviewed by editors before publication. News received via API feeds from third-party providers is attributed to the original source. AI can make mistakes: report any inaccuracies to the newsroom. Users’ personal data is not used to train the models.