The gold market faces turbulence as the price dipped by up to 3.5%, equating to a drop of over $100, following the announcement of the temporary lifting of reciprocal tariffs between the US and China. This decrease brings the gold price to just above $3,200 per troy ounce. Commerzbank’s analyst Carsten Fritsch reports that market sentiment has shifted dramatically, affecting trader confidence in gold as a safe haven asset. As the situation develops, it remains pivotal for investors to monitor the ongoing geopolitical impacts on precious metals and adopt strategies that reflect these changes in sentiment.