The price of gold has decreased by 2.01% to 4,025 dollars per ounce, amid trade progress between the USA and China.

The gold quote continued to decline, reaching $4,025 per ounce, a decrease of 2.01% in the context of progress in trade discussions between the US and China, which have reduced demand for safe-haven assets. After reaching a historic high of over $4,380, the price of gold began to correct. Analyst Kyle Rodda mentioned that the market is returning to a dynamics based on fundamental data, and the positive reaction to trade discussions has influenced the price drop.

This week will be marked by central bank meetings, and analysts expect a reduction in the federal funds rate by the Federal Reserve. Additionally, at a conference of the London Bullion Market Association in Japan, there was discussion about competition among gold traders and the lower demand from central banks. Despite recent declines, the gold quote remains 54% higher compared to the beginning of the year.