Gold (XAU/USD) prices plunged on selling pressure from traders, bringing the bullion price to $3,295 at the time of writing on Monday. The correction came after an ABC television interview with US Treasury Secretary Scott Bessent on Sunday, who said that several large transactions were being discussed with Asian countries. Source: Newsmaker.id
Gold prices rose on Monday (4/28) despite easing US-China trade tensions, as the dollar weakened in the US session. In addition, US President Donald Trump said progress had been made with China, and that he had spoken with President Xi Jinping. However, Beijing has denied any trade talks and Treasury Secretary Scott Bessent on Sunday failed to support Trump's statement that tariff talks with China were underway. Source: Newsmaker.id
Silver prices fell on Monday (4/28), extending losses from the previous session as easing U.S.-China trade tensions dampened demand for safe-haven metals. Last week, U.S. President Donald Trump signaled an openness to lowering tariffs on China, while Beijing exempted certain U.S. goods from its 125% levies. Meanwhile, China expressed confidence in meeting its full-year growth target of around 5% but refrained from introducing immediate stimulus, preferring to first assess the impact of the escalating trade dispute with the U.S. Investors also await key U.S. economic data this week, which...