Market Reacts to Trade Talks Between US and China

Investors showed a positive response to the recent comments by United States President Donald Trump regarding the initiation of trade discussions with China. This optimism was further fueled by reports of China discreetly lifting some retaliatory tariffs on US-made semiconductors.

Precious Metals See a Decline

As a result of these developments, the prices of precious metals experienced a noticeable drop. Gold led the decline, falling by 1.08% to $3,312.81 per ounce. Silver wasn't far behind, with a 0.38% decrease to $33.46 per ounce. Similarly, platinum and palladium saw reductions of 1.07% and 0.91%, respectively, highlighting a broad downturn in the sector.