Why Gold Prices Fall: Gold prices fell significantly from an all-time high in April, USA market. Gold price falls lower level in two weeks from $3500 to $3,220 in the US market. Let’s know the reason Why Gold Prices Fall 7% in detail.
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Why Gold Prices Fall 7%
The gold price has fallen continuously from its all-time high in April USA market. Gold price down 7% within 2 weeks from $3500 to $3,220. The uncertainty of the gold economy, which can be fueled by Trump’s tariffs disrupting trade relations between countries. Trump signed an executive order on tariffs of 25% on automobile parts. The US dollar index went above 100 intraday on 1 May.
Current Gold Price Chart US
| Unit of Measurement | Price (USD) | Change (USD) | Change (%) |
|---|---|---|---|
| Gold Spot Price (per ounce) | $3,220.24 | -88.03 | -2.66% |
| Gold Spot Price (per gram) | $103.54 | -2.83 | -2.66% |
| Gold Spot Price (per kg) | $103,540 | -2,829 | -2.66% |
US GDP Figure Data
The US GDP figure in the First quarter has gone down 0.3 %, as opposed to a 0.4 % quarterly increase. US ADP national employment has been a huge disappointment, showing a gain of 62,000 jobs instead of the 120,000.
Gold falls over 7% from the all-time high level of $3,500 https://t.co/CejZz2znLs
— Financial Express (@FinancialXpress) May 1, 2025
FAQ on Why Gold Prices Fall 7%
Q: What is the current gold spot price in the US market?
A: As of the information provided, the current gold spot price in the US market is $3,220.24 per ounce.
Q: How much did gold prices fall in the USA?
A: Gold prices in the USA fell by 7%, which translates to a drop from $3,500 to $3,220 per ounce within two weeks in April and early May.
Q: What was the US GDP figure for the first quarter?
A: The US GDP figure for the first quarter showed a decrease of 0.3%, contrasting with a 0.4% quarterly increase in the previous period. This weaker-than-expected GDP data could also influence investor sentiment towards safe-haven assets like gold.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗