Gold Rebounds as China Denies Trade Talks with US

In a significant market movement, gold prices experienced a notable rebound this Thursday. This surge comes in the wake of China's clear signal that there are currently no trade negotiations underway with the United States administration.

China's Stance on Trade Talks

Chinese Foreign Ministry spokesperson Guo Jiakun emphasized the need for Washington to halt its "threats" and adopt a respectful approach if it wishes to engage in discussions with Beijing. This statement was a direct response to US President Donald Trump's recent remarks, where he linked the duration of US tariffs on China to Beijing's actions.

Market Reaction

As of 4:15 am ET, gold saw an impressive increase of 1.36%, trading at $3,333.25 per ounce. Palladium also enjoyed a slight uptick of 0.29%, reaching $931.11 per ounce. Conversely, silver and platinum faced declines, with silver dropping by 0.76% to $33.33 per ounce and platinum decreasing by 0.20% to $973.77 per ounce.