International gold prices experienced a significant decline on Friday (April 25), with the spot gold price dropping nearly 2% in a day, resulting in a weekly loss. Multiple foreign media outlets reported that the rebound of the dollar and China's announcement to exempt certain U.S. goods from tariffs weakened the market demand for gold as a safe-haven asset, becoming the primary factor putting pressure on gold prices.

According to Reuters, China is considering adjusting certain high tariffs on U.S. imports, indicating a possible easing of U.S.-China trade tensions, which elevated market risk sentiment. Additionally, the dollar index rebounded this week, making gold priced in dollars more expensive for non-U.S. buyers, further suppressing gold prices.

On that day, spot gold briefly fell to $3,302.81 per ounce, while U.S. futures gold settled at $3,312.80. According to The Economic Times, the daily decline in spot gold reached 1.5%, while U.S. futures gold fell by 1.3%, marking a negative trend for the week.

Despite the short-term pullback, gold has repeatedly hit historical highs this year, reaching a peak of $3,500 per ounce earlier this week, reflecting that geopolitical risks and global economic uncertainties continue to support mid-to-long term gold prices.

Analysts note that if U.S.-China tariff negotiations signal further easing and the dollar maintains its strength, gold may continue to face downward pressure. However, the market remains attentive to the future monetary policy direction of the Federal Reserve and changes in the Middle Eastern situation, which could revive demand for gold as a safe haven.