Gold edges higher on softer dollar ahead of key US-China trade talks

May 10, 2025

Gold prices surged over 1% on Friday, buoyed by a weaker dollar and market anticipation surrounding U.S.-China trade talks. Spot gold reached $3,340.29 an ounce, marking a 3.1% weekly gain and a 27% rise year-to-date. Trump’s tariff comments and geopolitical tensions between India and Pakistan further fueled gold’s appeal as a safe-haven asset, despite potential consolidation ahead.

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