Gold holds drop as Powell says Fed in no hurry to adjust rates

Quick Summary:

Bullion earlier tumbled by as much as 2.1% after China and the US confirmed upcoming trade talks, easing demand for safe havens.

Silver, platinum and palladium all slipped.

The Bloomberg Dollar Spot Index was up 0.5%.

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Article Details

Author / Journalist: Yvonne Yue Li, Bloomberg

Category: EconomyBusiness

Markets: United StatesChina

Topics: Daily Gold Rates Gold Gold prices

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 20:17:40 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 267 words

Reading Time: 2 minutes read

Sentences: 4 lines

Sentence Length: 67 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28478946

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Main Topics: EconomyBusiness

Official Website: fortune.com

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