Gold was steady at $3,325 in Europe on Friday (9/5). On the other hand, progress in global trade negotiations after the US announced a deal with the UK and ahead of a meeting that thaws the atmosphere with China has eased demand for safe-haven assets in recent days. However, market observers said investors were wary of the limited scope of the UK agreement and were looking at the upcoming meeting between Washington and Beijing with cautious optimism, as negotiations could be long and drawn out. Source: Newsmaker.id
Silver prices were steady around $32.50 an ounce on Friday (9/5), after a volatile week as investors remained cautious ahead of high-stakes US-China trade talks scheduled for later this week in Switzerland. The upcoming talks will pit Chinese Vice Premier He Lifeng against US Treasury Secretary Scott Bessent, as both sides seek to defuse escalating tariff tensions. Source: Newsmaker.id
Gold rose as markets digested comments on tariffs from US President Donald Trump ahead of a weekend meeting between the US and China.President Trump, meanwhile, said that an 80% tariff on Chinese goods "seems appropriate" as representatives prepared for weekend talks to contain a trade war between the world's two largest economies.As of this writing, Gold is at $3,339 Source: Newsmaker.id