Gold prices have been trading sideways for almost three months, with slight declines as risk appetite improved, suggesting potential changes in investor sentiment.
Gold prices fell as signs of de-escalation in the Ukraine conflict diminished safe-haven demand. Trump's upcoming meeting with Putin may further ease tensions.
The Wall Street Journal Editorial Board has warned that the recent 15% tariff agreement with Japan could carry long-term strategic costs in the form of rising prices and mounting pressure on consumer and business sentiment.
The lack of a breakthrough in the US-China trade dispute could lead to US restrictions on semiconductor exports, threatening billions in American corporate sales.
Gold prices fell as optimism grew for a ceasefire between Russia and Ukraine, and the largest outflow from gold-backed ETFs since September 2022 pressured the market.
"I'm not really a jewelry buyer and I had no idea how much gold was in these items," Kleinman, an HR consultant who lives on the Upper East Side with his family, told The Post.