Gold prices fell for the second day in a row. After the U.S. GDP (economic growth) from January to March showed negative growth for the first time in 3 years, gold prices rose for a short time. But soon after, they dropped again. This drop happened because businesses rushed to import goods before tariffs were added, which pushed GDP lower. Many people believe the next GDP report will show positive growth.
The New York Dow (stock index) also dropped by almost 800 points but went up again before the market closed. This shows that people are less worried about tariffs and the economy, which caused gold prices to fall. However, because the market is still unstable, this drop in gold might only be temporary.
Gold to Dollar forecast range: 3260-3350
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