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Business / World Business

Gold rebounds on dip buying despite US-China trade deal hopes

Published: 24 Apr 2025 - 08:12 pm | Last Updated: 24 Apr 2025 - 08:14 pm
File photo

File photo

QNA

Singapore: Gold prices jumped more than 1% on Thursday on bargain buying, a day after the bullion hit a one-week low amid optimism over the US-China trade deal.

Spot gold rose 1.5% to $3,335.39 an ounce, while US gold futures gained 1.5% to $3,344.

The dollar index fell 0.3% against its peers, making greenback-priced bullion cheaper for overseas buyers.

Spot silver fell 0.6% to $33.33 an ounce, platinum was down 0.4% at $968.60, and palladium lost 0.8% to $936.63.