Market Reacts to Trade Talks

Investors showed a positive response to recent developments in US-China trade relations, leading to a noticeable decline in precious metals prices. United States President Donald Trump's announcement of initiated talks with China, alongside reports of China easing tariffs on US-made semiconductors, has fueled market optimism.

Precious Metals See Decline

Gold experienced a significant drop, decreasing by 1.08% to $3,312.81 per ounce. Similarly, silver saw a 0.38% decline, trading at $33.46 per ounce. Platinum and palladium weren't spared, with losses of 1.07% and 0.91% respectively, highlighting a broad retreat in the sector.