Gold Dips Below $3,100 Amid Market Volatility

In Brief:

Spot gold fell 0.43% intraday, dropping below $3,100/oz.

Safe haven assets face pressure despite broader market fears.

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Gold prices briefly dipped below $3,100 per ounce today, registering a 0.43% drop during intraday trading, according to Jinshi data.

The move comes as global markets remain on edge following heightened trade tensions and sweeping tariff announcements from the U.S. administration. While traditionally seen as a safe haven, gold’s pullback suggests traders may be balancing between profit-taking and positioning ahead of expected macroeconomic shifts, including potential Fed rate cuts.

Despite the decline, analysts note that gold remains relatively resilient compared to other asset classes under pressure, such as equities and oil.

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