[MARKET UPDATE] Spot gold continues to falter after Trump's address, within reach of USD 4550/oz vs a USD 4800/oz overnight high; lower by c. USD 200/oz on the day.
The drop in spot gold prices after Trump's address suggests a shift in market sentiment, possibly influenced by the implications of his remarks on fiscal or monetary policy.
Severe explosions reported in Abu Dhabi, UAE, Tasnim reports
Russia imposes ban on gasoline exports for producers until the end of July, IFX reports
[MARKET UPDATE] Spot gold continues to falter after Trump's address, within reach of USD 4550/oz vs a USD 4800/oz overnight high; lower by c. USD 200/oz on the day.
South Korean Vice Finance Minister says they are closely monitoring FX market as speculative trading is being seen; to respond sternly to excessive herd-like behaviour FX markets
Newsquawk Daily European Equity Opening News - 2nd April 2026
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A decline of around USD 200/oz indicates that traders are reevaluating risk preferences, which could affect demand for gold as a safe haven, particularly in the context of a strengthening USD.
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