Gold prices fell in Asian markets

Gold prices fell in Asian markets, their biggest weekly decline since November, as the US dollar strengthened and demand for safe-haven assets eased.

Spot gold fell 0.1% to $3,235.59 an ounce, having fallen more than 2% this week. However, US gold futures rose 0.4% to $3,239.20 an ounce. The US dollar index rose 0.4% this week. A strong dollar makes gold more expensive for users of other currencies, reducing its appeal.

Gold is under pressure from the easing of US-China trade tensions. The agreement to reduce tariffs has eased fears of a trade war, which has dampened investor demand for gold as a safe-haven asset. On Wednesday, gold hit its lowest level in more than a month.

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