Gold Prices Rebound as Trade Optimism Fades

In a surprising turn of events, gold prices leaped more than 1% on Monday, reversing earlier losses. This shift came as investors grew wary of the US-China trade relations, following Beijing's denial of a supposed call between Presidents Trump and Xi Jinping.

Market Watch: At 2:32 pm ET, gold was up by 1.07%, trading at $3,348.42 per ounce. Silver also saw a modest increase of 0.22% by 2:34 pm ET, reaching $33.15 per ounce. Platinum and palladium followed suit, with gains of 1.38% and 1.11%, respectively.

Investors Eye Upcoming Jobs Data

Amid these developments, the focus shifts to the forthcoming jobs data reports. These figures are eagerly anticipated as they may reveal the impact of the White House's trade policies on the economy.