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Gold Tumbles as US-China Trade Talk Optimism Saps Haven Demand
Gold fell, snapping a two-day advance, as signs of progress on US-China trade talks curbed demand for havens even as military hostilities between India and Pakistan escalated. Bullion fell as much as 1.6% after surging nearly 6% in the previous two sessions. Washington and Beijing announced that Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will travel to Switzerland to meet with China’s Vice Premier He Lifeng. The talks are the first since President Donald Trump imposed sweeping tariffs against China, and are raising optimism of a deal between the two biggest economies. However, ... (full story)
