Gold Prices Plummet to Two-Week Low as Trade Deal Hopes Shift Investor Sentiment
Gold prices (XAU/USD) are under sustained selling pressure, hitting a two-week low around the $3,229 area. This decline marks the third consecutive day of downturns in the precious metal. Recent comments made by US President Donald Trump have contributed to an optimistic outlook on a potential de-escalation in the ongoing US-China trade tensions. Such sentiments are shifting flows away from gold, traditionally viewed as a safe haven. Investors must remain vigilant and assess the factors affecting the market. Understanding the links between trade negotiations and gold valuations can provide insights for navigating future investments. Stay tuned for more market updates to shape your strategies effectively.