Gold Prices Steady After Sharp Decline as Global Tensions Ease

Gold prices remained steady on Thursday morning following a sharp 1.3% drop in the previous session, as easing global trade tensions lowered demand for safe-haven assets.

Spot gold held firm at $3,388.49 per ounce, while U.S. gold futures remained unchanged at $3,495.90 per ounce.

The current market calm comes amid a retreating dollar and diminishing geopolitical fears, reducing gold’s traditional role as a crisis hedge. Investors are now closely watching global central banks, especially the U.S. Federal Reserve, for any policy shifts.

As for other precious metals:

• Silver held steady at $39.28 per ounce.

• Platinum dipped 0.1% to $1,410.47.

• Palladium fell 0.3% to $1,273.98.