London May 1 2025: Gold dropped to a two-week low on Thursday, pressured by signals of softening trade tensions and a holiday in top consumer China, while focus was also on Friday’s U.S. payrolls report to gauge the economic outlook.
Spot gold was down 2.2% at $3,216.41 an ounce at 10:25 a.m. ET (1425 GMT), after hitting its lowest since April 14 earlier in the session. Prices hit a record $3,500.05/oz last week.
U.S. gold futures were down 2.8% at $3,226.90.
