The price of gold has declined for the second consecutive day, recently reaching a level not seen in over a month. The precious metal dropped below the $3,150 threshold during the Asian trading session on Thursday, marking its third day of negative movement in four. This downturn in gold prices is primarily driven by optimism surrounding a reduction in trade tensions between the United States and China, the world’s two largest economies. As the geopolitical climate improves, investors are seeking higher-risk opportunities, leading to a decrease in demand for gold, traditionally viewed as a safe haven. Going forward, market watchers will keep a close eye on economic indicators and developments in trade negotiations that could shape future movements in gold prices. With the current trend, it is crucial to monitor market sentiment as it may dictate the gold market’s direction over the coming weeks.