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Gold

Despite 23% Yearly Gain, Gold Slides on Renewed Trade Optimism

Perth Mint Gold Scandal: Mint Regains Global Confidence
Perth Mint Gold Scandal: Mint Regains Global Confidence

Gold’s price dropped by 2.1% to its lowest point in two weeks as improving trade talk prospects dampened demand for safe-haven assets.

The decline came after announcements that the US Trade Representative is close to finalizing deals and reports of communication between the US and Beijing.

Even with this recent drop, gold remains up 23% this year, having reached an all-time high above $3,500 last week, supported by global economic concerns, Chinese speculation, and central bank acquisitions.

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