Gold slips on US-China trade talk hopes; traders eye Fed policy

From brecorder.com

Gold prices retreated on Wednesday as optimism over potential U.S.-China trade talks weakened demand for safe-haven assets, while investors braced for the Federal Reserve’s policy meeting later in the day. “Gold seems to be pulling back amid a broad-based “risk on” move across markets … this is a pro-cyclical configuration that might echo optimism amid clues that the U.S. and China have started real trade negotiations,” said Ilya Spivak, head of global macro at Tastylive. U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet top Chinese economic official He Lifeng in ... (full story)