Gold prices erased gains and fell about 2.5% to $3,020 an ounce on Friday (4/4), hitting a one-week low and further retreating from a record high set earlier in the week. Analysts attributed the decline to investors selling bullion to cover losses in other asset classes amid margin calls.
China's announcement of a 34% tariff on all U.S. imports, in retaliation for President Trump's tariffs, has raised concerns about global economic stability and inflationary pressures.
Source: Newsmaker.id
