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GOLD PULLS BACK AFTER RECORD HIGH ON FIRM DOLLAR AND TRUMP'S CHINA REMARKS

  • NEWS Desk Global
  • Oct 17
  • 1 min read

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Gold prices fell more than 2% on Friday after hitting a record high above $4,300 per ounce, pressured by a firmer dollar and U.S. President Donald Trump's comment that a "full-scale" tariff on China would be unsustainable.

Spot gold was down 2.6% at $4,212.99 per ounce at 12:39 p.m. ET (1639 GMT), after scaling an all-time high of $4,378.69 earlier in the session. The metal breached $4,300/oz for the first time on Thursday, and is set for a weekly gain of about 5%.

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