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US-China and US-UK trade deals: economic impact and gold market implications
Gold prices tumbled Monday as landmark trade agreements between the United States and two major trading partners—China and the United Kingdom—significantly strengthened the US dollar and altered the economic landscape for investors. The June 2025 gold futures contract plunged 2.62% ($87.30), settling at $3,241.80 per troy ounce as markets processed the implications of these substantial trade policy shifts. This decline represents a 50% correction from gold's April 22 peak of $3,509.90, with analysts now eyeing potential support between $3,176.50 (the 61.8% Fibonacci retracement level) and $3,157.70 (the 50-day ... (full story)
