Gold prices fell 0.9% to $1,333 per ounce on Thursday, extending recent losses as investors rotated out of the safe-haven metal in anticipation of a landmark trade agreement between the United States and the United Kingdom.

Sources familiar with the matter said President Donald Trump will unveil details of the US–UK deal at a 14:00 GMT press conference in Washington. The UK government has confirmed that an agreement will be announced, though the terms remain undisclosed.

The Federal Reserve kept interest rates unchanged in the 4.25%–4.50% range—widely expected by markets as shown by the CME FedWatch Tool. Fed Chair Jerome Powell described the US economy as “resilient” but cautioned that the effects of recent tariffs and global uncertainty may weigh on growth and inflation later in the year.

Having retreated from a multi-year high above $1,380 earlier this month, gold now looks to two key catalysts for direction: the US–UK trade announcement and forthcoming US economic releases. An upbeat trade deal could further dent bullion, while any dovish pivot from the Fed may revive safe-haven buying. (ILKHA)