Gold prices set for sharpest daily drop in about a year after China-U.S. trade cease-fire

From marketwatch.com

Gold prices on Monday headed for the sharpest fall in more than a year to kick off the week and month, after a weekend pause in Sino-American tensions sparked a relief rally in assets perceived as risky, away from so-called havens like bullion. August gold dropped $21.60, or 1.6%, to $1,392.10 an ounce, which would mark the steepest point decline in the commodity since a $29.80 tumble back in June 15, 2018 and the sharpest percentage fall since April 11, when the most-active contract fell 1.57% according to FactSet data. At session’s lows, at $1,384.70 an ounce, the contract was off 2.1%, trading at its lowest ... (full story)