Global Gold Prices Decline Amid U.S.-China Trade Talk Uncertainty
Gold prices fell globally on Tuesday, June 10, as markets reacted to uncertainty surrounding the ongoing trade negotiations between the United States and China. The talks, which focus on sensitive issues such as tariffs and restrictions on rare earth metals, are being closely monitored by investors.
Gold futures dropped by 0.8%, reaching $3,328.4 per ounce, while spot prices declined by 0.5% to approximately $3,310 per ounce.
Investors are paying close attention to the second day of high-level discussions between top officials from both countries, amid hopes that the negotiations may ease trade tensions and help stabilize global markets. Gold remains highly sensitive to developments in this area, given its traditional role as a safe-haven asset during periods of economic and geopolitical uncertainty.
