24H|Gold Stocks Drop as Gold Sinks as Trade Talks, Easing Tensions Impact Haven Demand
Gold fell as its haven status was impacted by signs of progress in trade talks between the US and China, along with some relief to geopolitical tensions.Bullion fell as much as 1.8% in early trading in Asia to around $3,265 an ounce, following a weekly gain of 2.6% as investors focused on the outcome of upcoming trade talks between the world’s two largest economies. The dollar strengthened — making gold more expensive for most buyers — after the US and China both reported “substantial progress”