Gold continues to decline as trade tensions ease

Gold prices fell on Thursday as easing global trade tensions reduced demand for safe-haven assets, offsetting the support from a weaker dollar.

Spot gold fell 0.2% to $3,381.19 per ounce, after falling 1.3% on Wednesday.

In a move that signals progress on tariffs, US President Donald Trump struck a trade deal with Japan, which reduces tariffs on auto imports and exempts Tokyo from additional tariffs on other goods in exchange for a $550 billion investment and loan package.