“Gold price hovers near $4,000 amid US-China trade truce – BloombergGold prices are holding near $4,000 an ounce as traders assess the implications of a trade truce between the US and China. Spot
gold fell 0.8% on Friday after earlier rising 2.4%.
”, — write: unn.ua
DetailsSpot gold prices fell 0.8% on Friday after an earlier 2.4% gain, breaking a four-day losing streak. Chinese leader Xi Jinping called for stable supply chains in his first public statement after meeting with US President Donald Trump.
Gold and silver show sharpest decline after record highs22.10.25, 09:51 • 2941 view
The combination of sharp price cuts, a truce in the US-China trade war, and significant outflows from gold ETFs reinforces the corrective mood
He added that the price of bullion could fall to around $3,750.
Despite recent declines, gold has risen more than 50% this year, supported by investors’ desire to protect portfolios from risks and active central bank purchases. According to the World Gold Council, central banks bought 28% more gold in the third quarter compared to the previous period. Silver fell, while platinum and palladium showed slight gains.
Gold prices fall below $4,000 an ounce amid easing trade tensions28.10.25, 09:49 • 2873 views