Gold futures declined significantly on Thursday, with the August 2025 contract falling $24.10 (0.71%) to close at $3,356 per troy ounce as of 5:40 PM ET. The decline followed reports that Presidents Trump and Xi Jinping held an extensive 90-minute discussion focused exclusively on normalizing trade relations between the world's two largest economies. Prior to the announcement, spot gold had approached a one-month high of $3,380 per troy ounce, buoyed by weak U.S. economic data and an increasingly dovish Federal Reserve outlook that strengthened safe-haven demand ahead of Friday's critical jobs report. Gold's recent ... (full story)