Gold Prices Decline as Trump Backs Away From Tariff Threats Against European Nations

Gold prices fell 0.4 percent on January 22 as de-escalating tariff threats improved market risk appetite. Investors moved away from safe-haven assets today.

Insights:
Spot Gold prices fell 0.4% to $4,819.39 per ounce as of 08:57 a.m. ET on January 22, 2026, as improved risk appetite following the de-escalation of tariff threats reduced safe-haven demand. The metal had fallen nearly 1% earlier in the same session. In the United States USUS, gold futures for February delivery also lost 0.3% to settle at $4,821 per ounce.
Gold grain is seen before being melted into 1kg gold bars during a refining process at AGR (African Gold Refinery) in Entebbe, Uganda, October 4, 2018. Picture taken October 4, 2018. To match Insight AFRICA-GOLD/REFINERIES     REUTERS/Baz Ratner
Gold grain is seen before being melted into 1kg gold bars during a refining process at AGR (African Gold Refinery) in Entebbe, Uganda, October 4, 2018. Picture taken October 4, 2018. To match Insight AFRICA-GOLD/REFINERIES REUTERS/Baz Ratner
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