Gold prices are witnessing a slight decline on the eve of Akshaya Tritiya on 30.4.2025. This is fueling the interest in buying gold among the people. As trade tensions between the US and China eased, gold prices fell significantly by 0.96% to close at 94,992. When Beijing decided to waive 125% taxes on some US goods, the demand for gold decreased. Moreover, gold became more expensive for foreign buyers as the US dollar index approached 100, and additional pressure was added by the increase in US Treasury yields. As a result, gold fell from its previous high of $3,500 earlier in the week as investors readjusted themselves in response to the former president’s dovish comments on the independence of the Federal Reserve.
Gold prices fall after China exempts some US goods from 125% tax
