The price of gold as a safe haven fell as risk sentiment began to emerge following the announcement of an interim agreement between the United States and China to reduce tariffs.
Bullion, which is considered a hedge against economic and geopolitical turmoil, hit a record high of $3,500 last month amid rising tariff uncertainty.
Gold's over-response to chaotic headlines from the White House last month left the precious metal vulnerable to a retraction of Trump's statement.
As of this news release, the price of gold is at $3,234
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