Silver Rises Over 120% YTD 
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 expenditures price index and Friday’s non-farm payrolls report.
