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Gold Retreats Below $4,000 Amid Trade Optimism

Gold Retreats Below $4,000 Amid Trade Optimism

Author:

Global Cryptocurrency

Published:

2025-10-28 13:35:02

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BTCCSquare news:

Gold prices slipped below the psychological $4,000 mark as hopes for eased U.S.-China trade tensions dampened safe-haven demand. Futures fell 2.2% to $3,931.80/oz, with spot prices down 1.7% at $3,926.

The decline follows President Trump's optimistic remarks ahead of talks with China's Xi Jinping at the G20 summit. "I've got a lot of respect for President Xi and I think we're going to come away with a deal," TRUMP stated, sparking risk-on sentiment that eroded gold's appeal.

This reversal interrupts gold's record-breaking rally, which saw prices breach $4,000 earlier this year amid escalating trade conflicts and geopolitical uncertainty. The yellow metal had become a preferred hedge against Trump's tariff wars and semiconductor export controls.

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