Gold Drops Below $4,000 as Investors Shift Focus Amid US-China Trade Deal

Reported about 13 hours ago

Gold prices fell below the $4,000 mark on Monday as investors moved away from the metal in response to positive developments regarding a potential US-China trade deal. Spot gold dipped to about $3,980 per troy ounce, while December futures fell over 3%. This decline follows a significant drop last week, which halted a strong rally in gold prices. Despite the recent drop, analysts remain optimistic about gold's potential, predicting significant gains in the coming year.

Source: YAHOO

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