Gold Retreats as US-China Trade Tensions Cool, Investors Eye Economic Data

Gold declined 0.8% to $3,314.52 per ounce on Tuesday amid improving US-China trade relations. US Treasury Secretary Scott Bessent noted that trading partners had made “very good” proposals to avoid US tariffs, while China demonstrated willingness to reduce tensions by exempting some US goods from retaliatory measures. The Trump administration plans to ease automotive tariff impacts by reducing duties on foreign parts in domestically manufactured vehicles. Despite the short-term decline, analysts believe gold’s long-term upward trend remains intact, supported by emerging market central banks diversifying their reserves. Investors are awaiting key US economic data this week, including the personal consumption […]

Barron’s: Technical Signals Point to Silver Surge as Gold Rally Fades

According to a recent article from Barron’s, it’s time for investors to shift from gold to silver. Gold’s price recently surged from $2,960 to $3,500 per ounce in just two weeks, but warning signs indicate this uptrend may reverse soon. These warnings include momentum not confirming new price highs and gold trading at its widest premium to its long-term moving average since 2011. Meanwhile, silver appears poised for a breakout after extended sideways trading. Technical analysis shows silver is forming a “cup and handle” pattern, suggesting potential upside to $45-$50 per ounce if it breaks above $36.