Gold Edges Higher
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Gold prices edged lower on Tuesday as traders closely monitored U.S.-China talks, the outcome of which could simmer down trade tensions and boost the global economy, lessening demand for safe-haven assets,
Gold advanced even after the US and China said they had agreed on a plan to ease trade tensions during talks in London.
Eventually other media will start writing about these huge purchases as well. Sooner or later, the truth will come out.
A “supergiant” gold ore deposit under an existing gold mine in China could be the world’s largest gold ore deposit. Officials estimate that the extent of the find could be 1,100 tons stretching as deep as 9,800 feet below the surface. The find also shows promise as that of a high-quality producer of gold.
US stock market opened volatile on June 12, 2025, as President Donald Trump announced a “done” trade deal with China, yet market reactions stayed cautious. Despite Trumps claim of a 55% China tariff,
U.S. and China bark, Ukraine bites Even though the U.S. Court of International Trade (CIT) in New York ruled that the Trump administration had overstepped its authority in imposing sweeping tariffs on many countries back on April 2,
Gold price is battling the $3,300 threshold early Monday amid a bearish start to a critical week. Traders eagerly await the US-China trade talks on Monday and Wednesday’s US consumer inflation data for a fresh trading impetus in Gold price.
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While the recent Geneva trade agreement signaled a thaw in US-China tensions, Beijing is pursuing a deeper strategy: weakening the dollar's dominance by anchoring its financial system in gold and the yuan.
China’s central bank expanded its gold reserves for a seventh straight month in May, furthering its bid to diversify holdings despite ongoing price fluctuations.