Trump: Gold prices fall after Trump's key decision

The recent new trade agreement between America and Vietnam has reduced the tension in the international markets.

Jul 3, 2025 - 17:05
 7
Trump: Gold prices fall after Trump's key decision

The price of gold has been rising unpredictably since the beginning of this year. The war situation between the world's countries and the resulting international tensions have hit the price of gold. Due to this, the price of gold has faced ups and downs. The recent new trade agreement between America and Vietnam has reduced the tension in the international markets. As a result, investors are withdrawing their investments from gold, which is considered a safe investment. Due to this, the price of gold has decreased .Gold prices fell 0.3% to $3,345.57 per ounce.The price of gold futures traded on the US market fell 0.1% to $3,356.60.

Latest trade agreement between the US and Vietnam

Gold prices fell slightly on Thursday as trade tensions eased with the US deal. The latest trade deal between the US and Vietnam was signed. This brought a positive atmosphere in global markets. Investors turned to other factors. As a result, safe-haven gold fell slightly. Spot gold prices in the global market fell 0.3% to $3,345.57 per ounce.

Trump: Gold prices fall after Trump's key decision
Trump: Gold prices fall after Trump's key decision

As part of the deal, the US will reduce tariffs on Vietnamese imports to 20%. The US has now agreed to reduce tariffs on Vietnamese goods by 20%. President Donald Trump has announced that a 40% tariff will be imposed on goods coming to the US through Vietnam from third countries.

Vietnam 'zero percent tariff'

However, he said that Vietnam can import goods from the US at a 'zero percent tariff' rate. While markets were expecting a serious trade war, the deal provided a slight reprieve. With the trade deal raising growth expectations, investors have turned their attention back to the stock markets. However, investors will be focused on the US jobs data to be released on Thursday night. It is estimated that 1.10 lakh new jobs were added in June, compared to 1.39 lakh in May. If the jobs data disappoints, expectations that the Federal Reserve may cut interest rates will increase.

Silver prices fell 0.6% to $36.36

Because when interest rates are low, the demand for interest-free gold increases. But now, as trade tensions ease, investors are pulling money out of gold and investing in riskier assets like stocks. The situation in other precious metals also remains weak. Silver fell 0.6% to $36.36. Platinum fell 0.5% to $1,412.13. Palladium fell 0.4% to $1,150.28.

Breaking News Telugu
Current News Telugu
Webstories in Telugu
Sunday Magazine
Today Newspaper Telugu
Weather Today

Read Also: Microsoft: Once again, massive layoffs at Microsoft