Gold prices experienced a decline on Monday as positive signals emerged from U.S.-China trade discussions, diminishing investor apprehension and consequently reducing the appeal of gold as a safe-haven asset. The U.S. and China indicated progress in trade negotiations, potentially leading to a reduction in the U.S. trade deficit and the establishment of a new economic dialogue forum.
Fed minutes show growing openness to rate hikes at March meeting
In recent meetings, Federal Reserve officials mulled the idea of increasing interest rates as inflation rates climbed beyond target thresholds, influenced in part by the