Gold Prices Experience Significant Drop

After reaching an unprecedented peak of $3,500, gold prices have seen a notable decline, dropping by 3.13% to $3,275.94 per ounce. This shift comes as positive developments in US-China trade relations and reduced concerns over Federal Reserve autonomy influence market sentiments.

Market Reactions and Other Precious Metals

While gold faced a downturn, other precious metals like silver, platinum, and palladium experienced gains, showcasing the dynamic nature of the market.