Gold Holds Gains as Traders Assess Strength of US-China Truce
Update: 2025-10-31
Description
Gold prices remained steady above $4,000 an ounce as traders monitored the US-China trade truce, with concerns about its longevity keeping gold in the spotlight. Despite a two-point-four percent bounce the previous day, gold held strong due to investors seeking safe havens amid uncertainty. The one-year truce allowed both countries to recalibrate, but economic influence shifts and potential rate cuts by the Fed kept gold prices volatile. Despite a two-percent drop this week, gold is up over fifty percent this year, driven by mainstream investors and central banks seeking to protect portfolios and boost gold purchases.
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