Gold Price Dips as Trade Tensions Between US-China Eases

As the trade tension between the US and China starts to ease, the gold market responds in kind. Over the past year, the gold price has remained comparatively high due to the trade disputes and ongoing global concerns. However, with news of a breakthrough in negotiations, the price of the precious metal has started its descent. This dip in gold prices suggests an increase in investor confidence, especially in the US and China economies. Stability in these markets plays a monumental role in global financial stability, as they account for a significant percentage of the world’s economic activity. While lower gold prices may not favor gold miners and investors, it’s a positive indication for these economies and for global commerce as a whole. Read More