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Gold Retreats from Record Highs as US-China Trade Progress Dampens Safe-Haven Demand

Gold Retreats from Record Highs as US-China Trade Progress Dampens Safe-Haven Demand

Author:

Global Cryptocurrency

Published:

2025-10-27 10:33:02

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BTCCSquare news:

Gold prices tumbled 1.4% to $4,053 per ounce as progress in US-China trade negotiations reduced appetite for defensive assets. The drop marks a 3.3% weekly decline—the first since mid-August—though prices remain 55% higher year-to-date.

Federal Reserve rate cut expectations typically support gold, but trade Optimism overshadowed this dynamic. The World Gold Council suggests $3,500/oz would represent a healthier equilibrium for market stability.

Central bank accumulation and currency debasement concerns continue to underpin long-term bullish fundamentals, despite this short-term technical correction from last week's $4,380 record peak.

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