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Türkiye: Gold loses 3% after easing trade tensions

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*** FILE FOOTAGE *** SHOTLIST KRASNOYARSK, RUSSIA (MAY 27, 2024) (AAVN - ACCESS ALL) (FILE FOOTAGE) 1. WORKERS SORTING GOLD BULLIONS (TWO SHOTS) 2. VARIOUS OF WORKER WRITING INFORMATION ON GOLD BULLION BY MACHINE 3. VARIOUS OF GOLD BULLIONS ISTANBUL, TÜRKİYE (JANUARY 20, 2025) (ANADOLU – ACCESS ALL) (FILE FOOTAGE) 4. VARIOUS OF GOLD COINS AND BULLIONS IN SHOWCASE OF JEWELRY STORE 5 . VARIOUS OF GOLD JEWELRY IN JEWELRY STORE WINDOW 6. VARIOUS OF SILVER COINS AND BULLIONS *** FILE FOOTAGE *** KRASNOYARSK, RUSSIA / ISTANBUL, TÜRKİYE: The ounce price of gold fell 3% to around $3,220 as of 0815GMT on Monday, following the announcement of the US-China trade deal. The US and China said in a joint statement on Monday that they had agreed to a broad rollback of punitive tariffs for the initial 90 days. The US will reduce its tariffs on Chinese products from 145% to 30%, while China's will be reduced from 125% to 10% by May 14. The price of gold per ounce has recently reached historical highs, exceeding $3,400 amid global trade tensions caused by US tariffs. In early April, the US decided to impose high tariffs on all countries of at least 10%.

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