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Gold futures finish sharply lower on Friday

17 May 2025 Evaluate
Gold futures finished sharply lower on Friday, saddled by the risk appetite in the market amidst easing global trade tensions after US and China agreed to temporarily reduce tariffs for 90 days. Geopolitical risks also appeared to subside, with the India-Pakistan truce holding steady. The yellow metal for the most active contract marked loss of about 4.2% for the week.

Gold futures for June delivery tumble by $39.40 or 1.22% to settle at $3,187.20 an ounce on the Comex division of the New York Mercantile. While, spot gold slipped by $36.45 or 1.12% to settle at $3,203.65 an ounce.