As of 15:43 GMT, the spot price of the precious metal was $4,222.18 per ounce, down 3.1% from the previous session’s close. Earlier in trading, it fell to $4,215.17 per ounce. Gold futures on Comex are down 3.5% to $4,205.8 per ounce.
Investors are taking profits amid a strengthening US dollar and signs of easing tensions.
In particular, US President Donald Trump said he expects to reach a trade agreement with Chinese President Xi Jinping. Ahead of the talks between the two leaders, US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will meet.
In addition, White House economic adviser Kevin Hassett said yesterday that the US federal government shutdown is likely to end this week.
Earlier, the Experts Club think tank presented an analysis of the world’s leading gold-producing countries in a video on its YouTube channel — https://youtube.com/shorts/DWbzJ1e2tJc?si=YuRnDiu7jtfUPBR9
