Gold prices dropped on Monday, with spot gold falling 1.4% to $3,277.84 per ounce and U.S. gold futures declining nearly 2% to $3,279.20, as positive U.S.-China trade talks eased fears of escalating tariffs. The talks concluded with a U.S.-claimed “deal” to reduce the trade deficit and a Chinese “important consensus,” reducing the appeal of safe-haven gold. Investors shifted to riskier assets, despite ongoing U.S.-China trade tensions and expectations of sustained higher U.S. tariffs.
Gold prices
Gold typically benefits from economic uncertainty and low-interest environments.
Leave a Reply
You must be logged in to post a comment.