Market Reacts to Trade Talks Between US and China

In a significant market movement, gold and other precious metals experienced a decline in prices this Friday. This shift comes in the wake of optimistic comments from United States President Donald Trump regarding the initiation of trade discussions with China. Additionally, reports of China subtly lifting retaliatory tariffs on certain US-made semiconductors have further influenced market sentiments.

Detailed Price Movements

At precisely 3:17 am ET, gold prices fell by 1.08%, settling at $3,312.81 per ounce. Not far behind, silver saw a 0.38% decrease, trading at $33.46 per ounce. Platinum and palladium also followed the downward trend, with platinum dropping by 1.07% to $965.13 per ounce and palladium decreasing by 0.91% to $925.95 per ounce at 3:18 am and 3:19 am ET, respectively.