Gold has seen a remarkable dip, tumbling below the $4,000 per ounce mark. The slip comes amid the ongoing US-China trade talks showing significant progress. This development seems to be cooling gold’s appeal as a safe-haven asset in turbulent market conditions. The yellow metal’s traditional appeal as a hedge against financial volatility is currently being outweighed by the seemingly positive trade developments, causing investors to shift back towards risk assets. With the geopolitical tension dwindling, the demand for gold as a safety net has dropped-off, clearly reflected in its dipping price. Read More
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