Reported about 9 hours ago
Gold prices have dropped following the first weekly decline since mid-August, as positive developments in the US-China trade negotiations have diminished the demand for safe-haven assets. The price of gold fell as much as 1.3% to around $4,058 per ounce, while the broader market anticipates a significant deal that could ease economic risks and geopolitical tensions. Despite this recent drop, gold remains up about 55% this year, buoyed by central bank purchasing and investor strategies aimed at avoiding currency risks.
Source: YAHOO