Gold-Silver Ratio Hits 100:1 – A Historic Buying Signal for Silver 
Gold prices dropped significantly by 3% on Monday, settling around $3,223 an ounce.
This decline came after the U.S. and China agreed to a temporary trade truce, which improved the global growth outlook and decreased recession fears.
According to Ricardo Evangelist, senior analyst at ActivTrades, these developments reduced the need for safe-haven investments like gold.
The strengthening U.S. dollar following positive trade sentiment also pushed gold prices down. This represents gold’s biggest one-day percentage decline since April 23 and its lowest settlement price since May 1.
