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Gold declines to $4,000 amid sell-off. Are China-US trade deal talks to blame?
Yahoo Finance·2025-10-28 01:13

Gold (GC=F) prices fell to around 4,000perounceasinvestorsmovedawayfromthesafehavenassetonprospectsofaUSChinatradedeal.Futuresfortheyellowmetaldeclinedasmuchas34,000 per ounce as investors moved away from the safe-haven asset on prospects of a US-China trade deal. Futures for the yellow metal declined as much as 3% as US and Chinese officials signaled that weekend talks have paved the way for a breakthrough in the trade standoff. The precious metal has been holding above 4,000 after suffering the biggest daily drop in more than a decade last Tuesday. Last week's decline halted the biggest year-to-date rally in gold in more th ...