#gold# extended its decline, hitting a two-week low around $3,960, as renewed optimism on the #US-ChinaTariffs# trade front dampened investor demand for safe-haven assets.
The announcement of a framework trade agreement between 𝗪𝗮𝘀𝗵𝗶𝗻𝗴𝘁𝗼𝗻 and 𝗕𝗲𝗶𝗷𝗶𝗻𝗴 shifted market sentiment, driving capital toward riskier assets.
However, gold remains supported by a weaker dollar and growing market conviction that the Federal Reserve will cut rates by 25bps in its next policy meeting.
This balance between easing inflation pressure and improving trade optimism keeps volatility high - traders should stay cautious as the market adjusts to shifting fundamentals.
#GOLDTODAY# #FlashNews# #update# #FOLLOWMEUpdates# #FOLLOWMEGuideBook# #NewTraders#
#Newzealand# #australian# #Japan# #HongKong# #Malaysia# #Singapore#
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