Gold edged lower after a three-day rally as US President Donald Trump announced a highly-anticipated trade deal with Japan, signaling progress on fraught talks ahead of his August 1 tariff deadline.
Bullion fell as much as 0.3% to trade near $3 420 an ounce after Trump said he would impose 15% levies on goods from Japan. The agreement, which will also see the key American ally invest $550 billion in the US, eased some concerns about the president’s sprawling tariff war, impacting demand for haven assets such as gold.