Gold Prices Drop Amid Easing US-China Trade Tensions and Market Volatility
TL;DR Summary
Gold prices declined by up to 1.3% to near $4,058 an ounce as progress on a US-China trade deal reduced haven demand, reversing a recent rally that saw gold reach over $4,380. The market is shifting towards more fundamental factors amid upcoming central bank decisions, with traders also focusing on a record-high conference in Kyoto for bullion professionals.
- Gold Extends Drop as US-China Trade Progress Eases Haven Demand Bloomberg.com
- Gold Falls; U.S.-China Trade Deal Optimism Overcomes Signs of Cooler U.S. Inflation The Wall Street Journal
- What this week’s gold-price decline might signal for your investment portfolio MarketWatch
- Gold steadies, bitcoin plunges as debasement trade rally comes to a halt Yahoo Finance
- Gold prices have tumbled from recent records. What’s behind the losses? AP News
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