Gold Extends Drop as US-China Trade Progress Eases Haven Demand
Gold Extends Drop as US-China Trade Progress Eases Haven Demand
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Gold Extends Drop as US-China Trade Progress Eases Haven Demand

🕒︎ 2025-10-27

Copyright Bloomberg

Gold Extends Drop as US-China Trade Progress Eases Haven Demand

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Gold declined — after posting its first weekly drop since mid-August — as the US and China neared a trade agreement and on signs that a scorching rally in precious metals has run too far, too fast. Bullion fell as much as 1.2% to near $4,065 an ounce. The US and China signaled they were nearing completion of a sweeping deal as President Donald Trump visits the region for a series of diplomatic talks. An agreemeent would ease some of the geopolitical tensions that have bolstered demand for haven assets including gold.

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