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Gold Price Forecast: XAU/USD slumps to near $4,000 on US-China trade progress
Gold price (XAU/USD) tumbles to a two-week low near $4,000 during the early Asian session on Tuesday. The precious metal attracts some sellers after the United States (US) and China agreed on a framework for a trade deal. Traders brace for the Federal Reserve (Fed) interest rate decision later on Wednesday. The attention will shift to the meeting between US President Donald Trump and Chinese leader Xi Jinping on Thursday. US Treasury Secretary Scott Bessent said on Sunday that the agreement would remove the threat of 100% tariffs on Chinese imports set to take effect on November 1 and would include “a final deal” ... (full story)
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