Gold hit with biggest weekly drop in nearly four years after U.S.-China trade truce


May 16, 2025 5:57 PM ETSPDR® Gold Shares ETF (GLD), GDXIAU, SLV, SIL, SGOL, SIVR, GDXJ, PHYS, PSLV, NUGT, RING, OUNZ, SILJ, BAR, GLDM, AAAU, XAGUSD:CUR, XAUUSD:CURBy: Carl Surran, SA News Editor
stack of shiny gold bars 3d illustration

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Gold futures fell more than 1% Friday to cap their worst weekly showing in nearly four years, as the U.S.-China tariff de-escalation removed some uncertainty from global markets and revived risk appetite, a shift that prompted profit-taking in the gold market this week.



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