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GOLD PRICE DECLINE
Gold had already been losing value throughout the week following Trump’s decision to increase tariffs on Europe, which fueled greater risk appetite and reduced demand for safe-haven assets.
Gold extended its steep intraday losses on Monday, plummeting to a fresh one-week low below the $3,250 mark following news of progress in U.S.–China trade talks.
Gold prices have recorded a sharp decline of more than 5%, shedding over 180 basis points amid renewed hope over tariff reductions between the United States and China.