Reported about 5 hours ago
Gold prices fell as optimism surrounding US-China trade negotiations reduced its status as a safe-haven asset. As of Tuesday morning, gold futures dropped 1.5% to $4,296.30 per ounce and spot gold decreased 2.6% to $4,357.35. President Trump expressed confidence in achieving a trade deal with China, which contributed to the decline in gold prices. Additionally, oil prices reached a five-month low due to concerns of oversupply in the market.
Source: YAHOO